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Competition, Hidden Information, and Efficiency: an Experiment

Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - Groupe d'Analyse et de Théorie Économique Lyon … - 2006

We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …

Persistent link: https://www.econbiz.de/10005086286

Competition, Hidden Information and Efficiency : An Experiment

Cabrales, Antonio - 2006

Persistent link: https://www.econbiz.de/10012779356

Competition, Hidden Information, and Efficiency : An Experiment

Charness, Gary; Cabrales, Antonio; Villeval, Marie-Claire - 2010

Persistent link: https://www.econbiz.de/10014055844

Optimal contracts, adverse selection and social preferences: An experiment

Cabrales, Antonio; Charness, Gary - Department of Economics and Business, Universitat … - 2000

experiment to explore optimal contracts in an adverse-selection context. A principal proposes one of three contract menus, each …

Persistent link: https://www.econbiz.de/10005772130

Optimal Contracts with Team Production and Hidden Information : An Experiment

Cabrales, Antonio; Charness, Gary - 2010

devise an experiment to explore optimal contracts in a hidden information context. A principal offers one of three possible …

Persistent link: https://www.econbiz.de/10014151603

Does Pay Inequality Affect Worker Effort? Experimental Evidence

Charness, Gary; Kuhn, Peter Joseph - 2007

We study worker behavior in an efficiency-wage environment where co-workers' wages can influence a worker's effort …

Persistent link: https://www.econbiz.de/10014029508

Intention and Stochastic Outcomes : An Experimental Study

Charness, Gary; Levine, David I. - 2006

Do people care about intentions - even when good intentions do not produce good results? In our experiments we find that rates of punishment and reward react strongly to intentions (the wage a firm decides to pay) and more modestly to distributional outcomes (the higher or lower wage actually...

Persistent link: https://www.econbiz.de/10014075734

Starting small toward voluntary formation of efficient large groups in public goods provision

Charness, Gary; Yang, Chun-Lei - In: Journal of Economic Behavior & Organization 102 (2014) C, pp. 119-132

-goods game, where efficiency increases with group size (up to a limit, in one treatment). It is feasible to exclude group members …

Persistent link: https://www.econbiz.de/10010776752

Endogenous Group Formation and Public Goods Provision : Exclusion, Exit, Mergers, and Redemption

Charness, Gary; Yang, Chun-Lei - 2008

15-period segment) is 90.2%. We see large and stable groups forming, promoting efficiency: Overall, after the first three …

Persistent link: https://www.econbiz.de/10014055668

How Robust is Laboratory Gift Exchange?

Charness, Gary; Fréchette, Guillaume R.; Kagel, John H. - 2002

The gift-exchange game is a form of sequential prisoner's dilemma, developed by Fehr, Kirchsteiger, and Riedl (1993), and popularized in a series of papers by Ernst Fehr and co-authors. While the European studies typically feature a high degree of gift exchange, the few U.S. studies provide some...

Persistent link: https://www.econbiz.de/10014122584