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Economics

Cowles Foundation Discussion Papers

Experimental economics

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The Interaction Of Implicit And Explicit Contracts In Repeated Agency, Martin Shubik Nov 1988

The Interaction Of Implicit And Explicit Contracts In Repeated Agency, Martin Shubik

Cowles Foundation Discussion Papers

This article deals with experimental games as they pertain to game theory. As such there is a natural distinction between experimentation with abstract games devoted to testing a speciļ¬c hypothesis in game theory and games with a scenario from a discipline such as economics or political science where the game is presented in the context of some particular activity.