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Reciprocity in Multiple Principals - Agent Interactions : Experimental Evidence

Schmitz, Jan - 2021

Agents frequently interact with multiple principals at the same time. An employee may have multiple supervisors, firms may engage in public-private partnerships or firms and individuals may borrow from multiple banks/peers. Digitalization further fuels the possibilities to simultaneously engage...

Persistent link: https://www.econbiz.de/10013213985

Heterogeneity in Tournaments with Incomplete Information : An Experimental Analysis

Hammond, Robert G. - 2012

We focus on the relationship between a player's effort provision and tournament heterogeneity in a setting where … substitutes. To discriminate between the two models, we conduct a laboratory experiment where subjects participate in a real … relatively heterogeneous. In these laboratory data, the level of effort provision is independent of tournament heterogeneity …

Persistent link: https://www.econbiz.de/10014169310

Indenture as a self-enforced contract device : an experimental test

Kritikos, Alexander (contributor); … - 2009

games increases over time. -- Cooperation ; experiment ; contracts ; indenture ; reciprocity …

Persistent link: https://www.econbiz.de/10003793109

Trust and Reciprocity in Incentive Contracting

Rigdon, Mary L. - 2007

Principals can attempt to get agents to perform certain actions preferable to the principal by using ex-post punishments or rewards to align incentives. Field data is mixed on whether, and to what extent, such informal incentive contracting crowds out efficient solutions to the agency problem....

Persistent link: https://www.econbiz.de/10014053260

Indenture as a Self-Enforced Contract Device : An Experimental Test

Kritikos, Alexander; Tan, Jonathan H. W. - 2009

We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the principal signals the intention of payment-on-delivery, by tearing a banknote and giving the agent half of it as "prepayment"; the agent receives the completing half after delivering...

Persistent link: https://www.econbiz.de/10014206562

Does honesty respond to unrelated luck?

Geraldes, Diogo; Theurich, Franziska; Kim, Duk Gyoo - 2024

We conducted a lab experiment to examine (1) whether luck-based income influences honesty in a subsequent, unrelated …

Persistent link: https://www.econbiz.de/10015179216

More Effort with Less Pay : On Information Avoidance, Belief Design and Performance

Huck, Steffen - 2015

In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...

Persistent link: https://www.econbiz.de/10013012566

Delegation and Team Selection in Organizations : An Experimental Study

Hamman, John - 2018

We model a managerial decision environment in which a manager both determines the skill heterogeneity of her workers and determines whether to retain or delegate the ability to allocate tasks. The manager prefers delegating when uncertainty is sufficiently high relative to the incentive conflict...

Persistent link: https://www.econbiz.de/10012924939

Long-term work contracts versus sequential spot markets : experimental evidence on firm-specific investment

Anderhub, Vital; Königstein, Manfred; Kübler, Dorothea - 1999

administered incentives. -- principal agent ; experiment ; specific human capital …

Persistent link: https://www.econbiz.de/10009580472

Learning from failures : optimal contract for experimentation and production

Khalil, Fahad; Lawarrée, Jacques; Rodivilov, Alexander - 2018

Before embarking on a project, a principal must often rely on an agent to learn about its profitability. We model this learning as a two-armed bandit problem and highlight the interaction between learning (experimentation) and production. We derive the optimal contract for both experimentation...

Persistent link: https://www.econbiz.de/10011926023