Economic Science Association Asia Conference 2014. February 19, 2014 – February 22, 2014

Experimental Methods in Policy Conference. 15 – 19 февраля 2014

Steffen Altmann, Armin Falk, Matthias Wibral. Promotions and Incentives: The Case of Multistage Elimination Tournaments

Promotions play an important role for the provision of incentives in firms. We analyze incentives in multistage elimination tournaments with controlled laboratory experiments. In our two main treatments, we compare a two-stage tournament to a one-stage tournament. Subjects in the two-stage treatment provide excess effort in the first stage, both with respect to Nash predictions and compared to the strategically equivalent one-stage tournament. Additional control treatments confirm that excess effort in early stages is a robust finding and suggest that above-equilibrium effort might be driven by li ...


Christopher Budd

Economic and monetary historian with a doctorate in banking and finance (Cass Business School, London). He works independently in many contexts ranging from mainstream to ‘alternative’, centra...

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Hannah Schildberg-Horisch. Instructions to "Is the veil of ignorance only a concept about risk? An experiment.

The instructions were originally in German. Below we present the translated instructions of the veil of ignorance treatment. The instructions of the dictator game and the risk treatment are structured...


Manfred Spitzer, Urs Fischbacher, Baerbel Herrnberger, Georg Groen, Ernst Fehr. The Neural Signature of Social Norm Compliance

All known human societies establish social order by punishing violators of social norms. However, little is known about how the brain processes the punishment threat associated with norm violations. W...


Ernst Fehr, Antonio Rangel. Neuroeconomic Foundations of Economic Choice — Recent Advances

The brain controls human behavior. Economic choice is no exception. e brain controls human behavior. Economic choice is no exception. Recent studies have shown that experimentally induced variation in...


Jess Benhabib. A Note on Regime Switching, Monetary Policy, and Multiple Equilibria

When monetary policy is subject to regime switches conditions for determinacy become more complex. Davig and Leeper (2007) and Farmer, Waggoner and Zha (2009a) have studied such conditons. Using some ...


Mara Ewers, Florian Zimmermann. Image and Misreporting.

In this paper we ask if reports of private information about skills, abilities or achievements are affected by image concerns. We develop a simple model that illustrates how image utility can lead t...


Geoffrey M. Hodgson. The ubiquity of habits and rules

Under what circumstances is it necessary or convenient for an agent to rely on habits or rules? This paper focuses on the types of decision situation giving rise to their use. Even optimisation requ...



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