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Social influences towards conformism in economic experiments
Heap, Shaun Hargreaves - 2014
This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...
Persistent link: https://www.econbiz.de/10010357371
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Competitive strategy when consumers are affected by reference prices
Azar, Ofer H. - In: Journal of Economic Psychology 39 (2013) C, pp. 327-340
The article presents a model that analyzes the optimal strategy of multi-product firms when consumers are affected by reference prices. Generally, the stronger the consideration of reference prices is, the more intensified the competition is and the lower are the prices and profits. In some...
Persistent link: https://www.econbiz.de/10010729999
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Optimal strategy of multi-product retailers with relative thinking and reference prices
Azar, Ofer H. - In: International Journal of Industrial Organization 37 (2014) C, pp. 130-140
Experimental evidence suggests that consumers are affected by reference prices and by relative price differences (“relative thinking”). A linear-city model of two retailers that sell two goods suggests how this consumer behavior affects firm strategy and market outcomes. A simple model...
Persistent link: https://www.econbiz.de/10011117299
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Communication & competition
Goeree, Jacob K.; Zhang, Jingjing - 2012
-talk communication raises efficiency in bilateral contracting situations with adverse selection. We replicate their finding and check its … robustness by introducing competition between agents. We find that communication and competition act as "substitutes …:" communication raises efficiency in the absence of competition but lowers efficiency with competition, and competition raises …
Persistent link: https://www.econbiz.de/10009742591
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Chapter 21 Experimental Study of Law
Camerer, Colin; Talley, Eric - In: Handbook of law and economics : volume 2, (pp. 1619-1650). 2007
scholarship, the core ingredients of a well done experiment, and common distinctions between experimental economics and other …
Persistent link: https://www.econbiz.de/10014023489
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How to communicate the nudge : a real-world policy experiment
Cohen, Alma; Bar-Gill, Oren - 2021
Persistent link: https://www.econbiz.de/10012598570
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Bargaining in the Shadow of Uncertainty
Agranov, Marina; Eraslan, Hülya; Tergiman, Chloe - National Bureau of Economic Research - 2022
We experimentally study unanimity and majority voting rules in multilateral bargaining environments with stochastic future surplus. In these settings, reaching agreement when expected future surplus is sufficiently higher than the current surplus is inefficient. Theoretically, such...
Persistent link: https://www.econbiz.de/10013388790
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Inequity aversion and advantage seeking with asymmetric competition
Cox, Caleb A. - In: Journal of Economic Behavior & Organization 86 (2013) C, pp. 121-136
In this experiment I study a novel three-player ultimatum game in which two proposers with unequal amounts of money …
Persistent link: https://www.econbiz.de/10010688115
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Revealed distributional preferences: Individuals vs. teams
Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin; … - In: Journal of Economic Behavior & Organization 108 (2014) C, pp. 319-330
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10011116894
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Are we strategically naïve or guided by trust and trustworthiness in cheap-talk communication?
Li, Xiaolin; Özer, Özalp; Subramanian, Upender - In: Management science : journal of the Institute for … 68 (2022) 1, pp. 376-398
Persistent link: https://www.econbiz.de/10012821182