We experimentally test whether intentional and observable discriminatorypay of symmetric agents in the Winter (2004 …

We analyze the effect of investments in corporate social responsibility(CSR) on workers’ motivation. In our experiment … investments into CSR with increased effort. Amission match does result in higher effort, but only when investment into CSRis high. …

We present an experiment designed to test the Modigliani-Miller theorem. Applyinga general equilibrium approach and not …, participantswell recognize changes in the systematic risk of equity associated with increasingleverage and, accordingly, demand higher … rate of return. Yet, this adjustment is notperfect: subjects underestimate the systematic risk of low-leveraged equity …

process in which normative conflicts explain the nally emerging norm. The theory is tested with adynamical experiment on …

. In our experiment, before playing the generosity game,participants are asked to buy their role via a random price ….Interpreting participants' willingness to pay as an aspiration level of how muchthey want to earn, our design further allows us to test for …

ofbehavior persists when risk comes into play. I devise an experiment which sheds light onthe interrelation of risk and social … preferences by measuring (1) individual risk preferences,(2) interpersonal risk preferences, and (3) social preferences under … certainty. The resultsreveal that a large share of subjects choose to accept more risk or less potential gain thanindividually …

making in teams. I find in an investment experiment that individual decisions withsalient group membership are largely the …