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What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods

Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - CESifo - 2011

behavior by sellers. This paper presents the results of a natural field experiment on taxi rides in Athens, Greece, set up to … measure different types of fraud and to examine the influence of passengers’ presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …

Persistent link: https://www.econbiz.de/10009020798

Withering Academia?

Frey, Bruno S. - CESifo - 2010

, increased division of labor in research, intense publication pressure, academic fraud, dilution of the concept of “university …

Persistent link: https://www.econbiz.de/10008671696

Withering academia?

Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2010

, increased division of labor in research, intense publication pressure, academic fraud, dilution of the concept of “university …

Persistent link: https://www.econbiz.de/10008672224

Corporate Governance for Crooks? The Case for Corporate Virtue

Osterloh, Margit; Frey, Bruno S. - Institut für Volkswirtschaftslehre, …

Corporate scandals are reflected in excessive top management compensation and fraudulent accounts. These scandals cause an enormous amount of damage, not only to the companies affected, but also to the market economy as a whole. As a solution, conventional wisdom suggests more monitoring and...

Persistent link: https://www.econbiz.de/10005760916

Evidence for countercyclical risk aversion: an experiment with financial professionals

Cohn, Alain; Engelmann, Jan; Fehr, Ernst; Maréchal, … - Institut für Volkswirtschaftslehre, … - 2013

A key ingredient of many popular asset pricing models is that investors exhibit countercyclical risk aversion, which helps explain major economic puzzles such as the strong and systematic variation in risk premiums over time and the high volatility of asset prices. There is, however,...

Persistent link: https://www.econbiz.de/10011240398

Generosity across contexts

Weber, Roberto A.; Davis, Alexander L.; Jehli, Nadja R.; … - Institut für Volkswirtschaftslehre, … - 2011

Extensive research in economics explores generosity in monetary allocations. However, generosity often involves the allocation of non-monetary goods or experiences. Existing evidence suggests that generosity may be higher in such contexts, though no direct comparison exists. Here, we compare...

Persistent link: https://www.econbiz.de/10011203012

Reverse Common Ratio Effect

Blavatskyy, Pavlo R. - Institut für Volkswirtschaftslehre, … - 2010

The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent decision theories— stochastic expected utility theory...

Persistent link: https://www.econbiz.de/10008625739

Asymmetric Obligations

Riedel, Nadine; Schildberg-Hörisch, Hannah - CESifo - 2011

We use a laboratory experiment to investigate the behavioral effects of obligations that are not backed by binding … and asymmetric minimum contribution levels (obligations) in a repeated public goods experiment. The results provide …

Persistent link: https://www.econbiz.de/10009020088

Efficient Coordination in Weakest-Link Games

Riedl, Arno; Rohde, Ingrid M. T.; Strobel, Martin - CESifo - 2011

Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to coordinate on the efficient equilibrium, especially in larger groups. We hypothesize that people will be able to coordinate on efficient outcomes, provided they have sufficient...

Persistent link: https://www.econbiz.de/10009395307

Pre-Play communication with forgone costly messages: experimental evidence on forward induction

Blume, Andreas; Weber, Roberto A.; Kriss, Peter H. - Institut für Volkswirtschaftslehre, … - 2011

-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …

Persistent link: https://www.econbiz.de/10009358877