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In this experiment I study a novel three-player ultimatum game in which two proposers with unequal amounts of money simultaneously submit offers to one responder, who may accept at most one offer. I compare the predictions of inequity aversion, advantage seeking, and self-interest. Unlike...
Persistent link: https://www.econbiz.de/10010688115
Previous research has demonstrated that people’s concern about their position relative to a reference group (i.e., positional concern) is stronger in some domains than in others. Our survey data reveals that people care more about their relative position in domains where they have to engage in...
Persistent link: https://www.econbiz.de/10010730011
Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can …
Persistent link: https://www.econbiz.de/10010360299
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...
Persistent link: https://www.econbiz.de/10009743168
We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-minded and inequality averse subjects. However, when given...
Persistent link: https://www.econbiz.de/10010573031
This study investigates the extent to which gender differences in choosing to enter competitive tournaments are due to women's lower taste for competition or differences in confidence. We examine three types of confidence and find that confidence measured by expected ranking is the most...
Persistent link: https://www.econbiz.de/10010573045
There is ample evidence that women do not react to competition as men do and are less willing to enter a competition than men. In this paper, we use personality variables to understand the underlying motives of women (and men) to enter a competition or avoid it. We use the Big Five personality...
Persistent link: https://www.econbiz.de/10011051348
This paper details the conceptual and empirical development of a 10-item scale to measure consumer competitive arousal (CCAr). Consumers experience competitive arousals in a wide variety of consumption contexts. Though the subject has been of interest in several recent studies, neither a...
Persistent link: https://www.econbiz.de/10010573770
This paper studies the pure framing effect of price discounts, focusing on its impact on consumer search behavior. In a simple two-shop search experiment, we compare search behavior in base treatments (where both shops post net prices without discounts) to discount treatments (where either the...
Persistent link: https://www.econbiz.de/10010730000
Persistent link: https://www.econbiz.de/10012038290