The ratchet effect and the probability of proceeding to the next stage: An experiment

IF 0.8 4区经济学 Q3 ECONOMICS

Bulletin of Economic Research Pub Date : 2024-04-10 DOI:10.1111/boer.12448

Shigeo Morita, Tomoharu Mori

引用次数: 0

Abstract

The ratchet effect is an economic phenomenon where agents strategically restrict their efforts to conceal information on their characteristics under the dynamic setting. This study experimentally examines the effect of the probability of proceeding to the next stage on ratcheting behavior. We find evidence that if the probability is smaller than 1, the ratchet effect is mitigated.

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棘轮效应和进入下一阶段的概率：一项实验

棘轮效应是一种经济现象，即在动态环境下，行为主体策略性地限制其隐藏自身特征信息的努力。本研究通过实验检验了进入下一阶段的概率对棘轮行为的影响。我们发现，如果概率小于 1，棘轮效应就会减轻。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Bulletin of Economic Research ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： The Bulletin of Economic Research is an international journal publishing articles across the entire field of economics, econometrics and economic history. The Bulletin contains original theoretical, applied and empirical work which makes a substantial contribution to the subject and is of broad interest to economists. We welcome submissions in all fields and, with the Bulletin expanding in new areas, we particularly encourage submissions in the fields of experimental economics, financial econometrics and health economics. In addition to full-length articles the Bulletin publishes refereed shorter articles, notes and comments; authoritative survey articles in all areas of economics and special themed issues.