Template-type: ReDif-Paper 1.0
Author-Name: Reiss J. Philipp 
Author-Name: Wolff Irenaeus 
Author-workplace-name: METEOR
Title: Non-monotonic Repayment Contracts are Superior: An Experimental Approach
Abstract: We experimentally investigate if theoretically superior non-monotonic repayment contracts yield superior results in the laboratory. We find replacing standard debt contracts with repayment-equivalent non-monotonic contracts increases entrepreneurial income by 170% and total surplus by 30%.
Keywords: financial economics and financial management ; 
Series: Research Memoranda
Creation-Date: 2007
Number: 053
File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:d14049fe-b60e-40d0-ad42-59fe35f4eef8/datastreams/ASSET1/content
File-Format: application/pdf
File-Size: 415471
Handle: RePEc:unm:umamet:2007053