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Speaker:
Johannes Schneider (Universidad Carlos III de Madrid)

Titel: Titel: Embracing the Enemy (w/ Alvaro Delgado-Vega)

We study the repeated interaction between a principal who

partially influences which agent takes the lead in the next project. The

leading agent takes an action determining how the project is completed.

Players differ in their preferences over the ideal action such that the

principal prefers an action between the agents' respective bliss points.

Agents receive a payoff from leading, but the principal is agnostic

conditional on action. We show that moderately biased principals

outperform extreme and balanced principals, and that patient principals

prefer competition between friends and enemies over having only a friend

available.

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Registration to Ms. Madeleine Hafner per E-Mail