Most economic models are based on the self-interest hypothesis that assumes that material
self-interest exclusively motivates all people. Experimental economists have gathered …

This chapter surveys the contributions of laboratory experiments to labor economics. We
begin with a discussion of methodological issues: when (and why) is a lab experiment the …

A critical question facing experimental economists is whether behavior inside the laboratory
is a good indicator of behavior outside the laboratory. To address that question, we build a …

We examine experimentally the impact of communication on trust and cooperation. Our
design admits observation of promises, lies, and beliefs. The evidence is consistent with …

A substantial number of people exhibit social preferences, which means they are not solely
motivated by material self‐interest but also care positively or negatively for the material …

During the last two decades economists have made much progress in understanding
incentives, contracts and organizations. Yet, they constrained their attention to a very narrow …

Although managers' green investments have no impact on future cash flows in our
experimental markets, investors respond favorably when managers make and disclose an …

We examine experimentally how Chief Executive Officers (CEOs) respond to incentives and
how they provide incentives in situations requiring trust and trustworthiness. As a control we …

What determines reciprocity in employment relations? We conducted a controlled field
experiment to measure the extent to which monetary and nonmonetary gifts affect workers' …

The presence of workers who reciprocate higher wages with greater effort can have
important consequences for firms and labor markets. Knowledge about the extent and …