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Título

Choosing and not choosing with and without communication: Experimental results on contract design and selection

AutorCharness, Gary; Ellman, Matthew
Fecha de publicaciónmar-2016
EditorMohr Siebeck
CitaciónJournal of Institutional and Theoretical Economics 172(1): 142-157 (2016)
ResumenThis paper studies selection and procedural effects in experimental contracting when sellers choose unenforceable trade quality after a possible cost shock. Br and ts, Charness, and Ellman (2016) investigate how communication affects behavior and outcomes in contractswith rigid prices, relative to contractswhere buyers can raise prices after observing the shock. An important remaining question is how behavior is affected by whether contract type is endogenous or experimenterimposed. Different sorts of buyersmay select contract types differently and sellers may respond differently when contract type is endogenous. Surprisingly, we find only modest effects. We draw lessons for experimental design.
Versión del editorhttp://dx.doi.org/10.1628/093245616X14500948554153
URIhttp://hdl.handle.net/10261/133472
DOI10.1628/093245616X14500948554153
Identificadoresdoi: 10.1628/093245616X14500948554153
issn: 0932-4569
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