Strategic Delegation: An Experiment
نویسندگان
چکیده
منابع مشابه
Strategic delegation: An experiment
We examine the effects of strategic delegation in a simple ultimatum game experiment. We show that when the proposer uses a delegate, her share increases both when the delegate is optional or mandatory. This is true despite the fact that the delegate cannot be used as a commitment device. We also show that unobserved delegation by the responder reduces her share, as her delegate is perceived to...
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Article history: Received 6 February 2009 Received in revised form 10 August 2009 Accepted 9 September 2009 Available online 30 September 2009 JEL classification: D71 D72 F53 H11
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In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different contracts, which determine their managers’ salaries. One contract simply gives managers incentives to maximize firm profits, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is only rarely chosen in the experiment...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2001
ISSN: 0741-6261
DOI: 10.2307/2696414