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Two-sided learning and the ratchet principle

Cisternas, Gonzalo - In: The review of economic studies 85 (2018) 1, pp. 307-351

Persistent link: https://www.econbiz.de/10011921255

The informational value of environmental taxes

Ambec, Stefan; Coria, Jessica - In: Journal of public economics 199 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10012800323

Screening by mode of trade

Beccuti, Juan; Möller, Marc - In: Games and economic behavior 129 (2021), pp. 400-420

Persistent link: https://www.econbiz.de/10012819888

Contracting with endogenously incomplete commitment: escape clauses

Tangerås, Thomas P.; Gick, Wolfgang - 2021

We study mechanism design under endogenously incomplete commitment as it arises in contracting with escape clauses. An escape clause permits the agent to end a contractual relationship under specified circumstances, after which the principal can offer an ex-post contract. Escape clauses are...

Persistent link: https://www.econbiz.de/10012520279

Screening by mode of trade

Beccuti, Juan; Möller, Marc - 2019

This paper proposes a mechanism design approach, capable of endogenizing a monopolist's choice between selling and renting in a non-anonymous durable goods setting with short-term commitment. Allowing for mechanisms that determine the good’s allocation not only at the beginning but also at the...

Persistent link: https://www.econbiz.de/10012131973

Can job rotation eliminate the Ratchet effect : experimental evidence

Wei, Chen - In: Journal of economic behavior & organization : JEBO 180 (2020), pp. 66-84

Persistent link: https://www.econbiz.de/10012487140

Incentive complexity, bounded rationality and effort provision

Abeler, Johannes; Huffman, David; Raymond, Collin - 2023

Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded … rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to … cause large shifts in behavior. Our results illustrate important implications of complexity for designing and regulating …

Persistent link: https://www.econbiz.de/10014309731

Competition and the ratchet effect

Charness, Gary; Kuhn, Peter; Villeval, Marie-Claire - 2008

The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...

Persistent link: https://www.econbiz.de/10010277018

Incentive Complexity, Bounded Rationality and Effort Provision

Abeler, Johannes; Huffman, David; Raymond, Collin; … - 2023

Persistent link: https://www.econbiz.de/10014377515

Incentive and coordination problems in centrally planned economies : a theoretical study with applications to the USSR

Litwack, John Michael - 1988

Persistent link: https://www.econbiz.de/10000789140