The interplay between individual creative ability and the way to enhance it is an issue with tremendous potential for economic analysis. In this survey, we delve into by focusing on methodological advantages of experiments. We provide a review literature in experimental economics creativity, identifying seven main objects study. Namely, impact creativity of: (1) low vs. high monetary incentives...

This paper studies the relationship between monetary incentives to encourage citizens’ contributions to a social good (voting, charity donation, etc.) and the society’s consideration for that good in the presence of social signaling. We establish that, no matter how much citizens value the social good, low incentives (or disincentives) may emerge as the unique majority voting outcome when conce...

This paper investigates whether Taylor rule can better guide the monetary policy in developing economies. Existing literatures do not focus on the implementability of rule-based monetary policy in emerging economies. In last two decades a number of industrialised countries have gained success in achieving macroeconomic policy goals by switching to rule-based policy regime from discretionary fra...

This article analyzes the relation between authority and incentives. It extends the standard principal-agent model by a project selection stage in which the principal can either delegate the choice of project to the agent or keep the authority. The agent’s subsequent choice of effort depends both on monetary incentives and the selected project. We find that the consideration of effort incentive...

BACKGROUND There is sufficient evidence that monetary incentives are effective in increasing survey response rates in the general population as well as with physicians. The objective of this study was to assess the impact of a monetary incentive intended for administrative assistants on the survey response rate of physicians in leadership positions. METHODS This was an ancillary study to a na...

Environmental degradation threatens the long term resiliency of the US food and farming system. While USDA has provided conservation incentives for the adoption of best management practices (BMPs), only a small percentage of farms have participated in such conservation programs. This study uses conjoint analysis to examine Vermont farmers’ underlying preferences and willingness-to-accept (WTA) ...