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If principals are allowed to choose between a revenue sharing, a bonus and a trust contract, a large majority of … experimental subjects choose the revenue sharing contract. We find that this choice is the most efficient while at the same time …
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design and analyze a contract that mitigates this uncertainty risk by providing guaranteed allocation and prices, while …-Maker contract) that removes allocation and price uncertainties. Instead of participating in the auction, advertisers can secure … when buyers face two purchase options (auction and Market-Maker contract). We derive analytical expressions for the Market …
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We use economic experiments to investigate how different contract enforcement regimes affect efficiency and the …
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Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
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Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011405188