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Dokumente zum Namen

Contracting Outcomes with Communication and Learning by Priyodorshi...

papers.ssrn.com

We show that allowing communication can increase optimal choices and efficiency in a multi-task, incomplete contracting, principal-agent setting. We study two s

Persistent Sunk Cost Fallacy in a Real Effort Experiment by...

papers.ssrn.com

Subjects chose whether to leave with an endowment or stay to perform some simple tasks in a real effort experiment. In addition to performance pay, staying subj

Learning to Set the Reserve Price Optimally in Laboratory First Price...

papers.ssrn.com

We analyze choices of sellers, each setting a reserve price in a laboratory first price auction with automated equilibrium bidding. Subjects are allowed to gain