We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby … inequalities, but many follow an interior allocation rule previously unaccounted for by the fairness views in the literature. These …

Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … to generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation …

We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on … their own personal preference. The experiment is designed for simulating a pure exchange market in order to demonstrate the …

This paper aims to study, by means of a laboratory experiment and a simulation model, some of the mechanisms which …

This paper explores, through a series of experiments, the effect of shill bidding upon revenues and prices in auctions …

This paper tests the insiders' dilemma hypothesis in a laboratory experiment. The insiders' dilemma means that a … rather than exogenous merger theory. More surprisingly, our data suggests that fairness considerations also make profitable …

particular the occurrence of bubble-crash pricing patterns. In each session, six subjects trade in three successive market rounds …