We revisit the sequential search problem by Hey (J Econ Behav Organ 8:137–144, <CitationRef CitationID="CR16">1987</CitationRef>). In a 2 <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$\times $$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mo>×</mo> </math> </EquationSource> </InlineEquation> 2 factorial design, varying fixed and random cost treatments with and without recall, we address open research questions that were originally stated by Hey (<CitationRef CitationID="CR16">1987</CitationRef>). Our results...</citationref></equationsource></equationsource></inlineequation></citationref>

In a laboratory experiment that allows us to vary the taxation method while keeping the financial outcomes constant, we find clear evidence that aggregated income taxation (comparable to profit taxation) with complete loss deduction induces a sustained bias towards more risky investment...

The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research opportunities. In this article, we survey the...

Virtual communities like Second Life (SL) represent an economic factor with increasing potential, but may induce behavior that deviates from real-world experience. This article introduces a new experimental design that is based on the trust game (Berg, Dickhaut, & McCabe, 1995), but eliminates...

This Paper presents the results of an experimental study on unemployment benefit sanctions. The experimental set-up allows us to distinguish between the effects of benefit sanctions once they are imposed (the ex post effect) and the effects that discourage the unemployed from risking benefit...