Competition lowers the frequency of suboptimal bonus contract choices by U.S. auto dealers, but mistakes persist even in competitive markets via within-dealer behavioral shifts.
Sanctioning in the Wild: Rational Calculus and Retributive Instincts in Gourmet Cuisine
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Competition and Anomalies Redux: Evidence from U.S. Auto Dealers
Competition lowers the frequency of suboptimal bonus contract choices by U.S. auto dealers, but mistakes persist even in competitive markets via within-dealer behavioral shifts.