Monthly Archives: 七月 2017
Inducing risk neutral preferences with binary lotteries: A reconsideration
Team Incentives and Performance: Evidence from a Retail Chain
Friebel, G., Heinz, M., Krüger, M., & Zubanov, N. (2015), “Team Incentives and Performance: Evidence from a Retail Chain." American Economic Review, Vol. 107, Issue 8 — August 2017. * [working paper]
Guido Friebel, Matthias Heinz, Miriam Krueger and Nikolay Zubanov |
In a field experiment with a retail chain (1,300 employees, 193 shops), randomly selected sales teams received a bonus. The bonus increases both sales and number of customers dealt with by 3 percent. Each dollar spent on the bonus generates $3.80 in sales, and $2.10 in profit. Wages increase by 2.2 percent while inequality rises only moderately. The analysis suggests effort complementarities to be important, and the effectiveness of peer pressure in overcoming free-riding to be limited. After rolling out the bonus treatment, and control shops’ performance converge, suggesting long-term stability of the treatment effect. |
Full-Text Access | Supplementary Materials |
eTOC for American Economic Review Vol. 107, Issue 8 — August 2017 | |||
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GIMS, an open source market software
S. Palan, GIMS-Software for asset market experiments. J. Behav. Exp. Finance 5, 1–14, (2015). Medline doi:10.1016/j.jbef.2015.02.001 (可免費閱讀)
==by YNY==
GIMS 是架在 z-Tree 上,專門用來跑財務資產市場 (又稱 double auction asset market) 的實驗平台軟體,採開放源碼 (open source) 授權。
此文亦介紹、比較了其它相關的財務市場實驗平台軟體,參見文中的 Table 1。
- EconPort MarketLink(based on Java and experiments can be run over the internet)
- Flex-E-Markets(not open source)
- GIMS(based on z-Tree)
- jMarkets (open-source software based on Java)
- Rotman Interactive Trader (非免費)
- SoPHIE Labs (非免費)
Evaluating replicability of laboratory experiments in economics
C. F. Camerer, A. Dreber, E. Forsell, T.-H. Ho, J. Huber, M. Johannesson, M. Kirchler, J. Almenberg, A. Altmejd, T. Chan, E. Heikensten, F. Holzmeister, T. Imai, S. Isaksson, G. Nave, T. Pfeiffer, M. Razen, H. Wu. Evaluating replicability of laboratory experiments in economics. Science, 2016; DOI: 10.1126/science.aaf0918
==YNY==
終於有人系統性地檢視經濟實驗, 雖然只挑 AER 和 QJE 所發表的, 但經得起「重覆實驗」來驗證結果的研究, 才符合科學的精神…