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Forward induction and the excess capacity puzzle: An experimental investigation

Brandts, Jordi; Cabrales, Antonio; Charness, Gary - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

While the theoretical industrial organization literature has long argued that excess capacity can be used to deter entry into markets, there is little empirical evidence that incumbent firms effectively behave in this way. Bagwell and Ramey (1996) propose a game with a specific sequence of moves...

Persistent link: https://www.econbiz.de/10010547333

Let's Talk: How Communication Affects Contract Design

Brandts, Jordi; Charness, Gary; Ellman, Matthew - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...

Persistent link: https://www.econbiz.de/10010851445

Measuring Risk Aversion with Lists: A New Bias

Bosch-Domènech, Antoni; Silvestre, Joaquim - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

Various experimental procedures aimed at measuring individual risk aversion involve a list of pairs of alternative prospects. We first study the widely used method by Holt and Laury (2002), for which we find that the removal of some items from the lists yields a systematic decrease in risk...

Persistent link: https://www.econbiz.de/10011019689

Rules or Consequences? The Role of Ethical Mindsets in Moral Dynamics

Cornelissen, Gert; Bashshur, Michael R.; Rode, Julian; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

Recent research on the dynamics of moral behavior has documented two contrasting phenomena - moral consistency and moral balancing. Moral balancing refers to the phenomenon whereby behaving (un)ethically decreases the likelihood of doing so again at a later time. Moral consistency describes the...

Persistent link: https://www.econbiz.de/10010711779

Affirmative Action through Minority Reserves: An Experimental Study on School Choice

Klijn, Flip; Pais, Joana; Vorsatz, Marc - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

Minority reserves are an affirmative action policy proposed by Hafalir et al. (2013) in the context of school choice. We study in the laboratory the effect of minority reserves on the outcomes of two prominent matching mechanisms, the Gale-Shapley and the Top Trading Cycles mechanisms. Our first...

Persistent link: https://www.econbiz.de/10010950612

Price of Anarchy in Sequencing Situations and the Impossibility to Coordinate

Hamers, Herbert; Klijn, Flip; Slikker, Marco - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

Scheduling jobs of decentralized decision makers that are in competition will usually lead to cost inefficiencies. This cost inefficiency is studied using the Price of Anarchy (PoA), i.e., the ratio between the worst Nash equilibrium cost and the cost attained at the centralized optimum. First,...

Persistent link: https://www.econbiz.de/10010851455

Relative Position, Prices of Sacrifice and Reciprocity: An Experimental Study Using Individual Decisions

Brandts, Jordi; Fatás, Enrique; Lagos, Francisco - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

We use experimental data to obtain a detailed description of individuals' pro-sociality. Participants are faced with a large number of decisions involving variations in the tradeoffs between own and others' payoffs, as well as in other potentially important factors like individuals' positions...

Persistent link: https://www.econbiz.de/10010547280

Leadership and Overcoming Coordination Failure with Asymmetric Costs

Brandts, Jordi; Cooper, David J.; Fatas, Enrique - Barcelona Graduate School of Economics (Barcelona GSE) - 2006

We study how the heterogeneity of agents affects the extent to which changes in financial incentives can pull a group out of a situation of coordination failure. We focus on the connections between cost asymmetries and leadership. Experimental subjects interact in groups of four in a series of...

Persistent link: https://www.econbiz.de/10010547446

Preferred Suppliers and Vertical Integration in Auction Market

Burguet, Roberto; Perry, Martin K. - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We consider a model of preference in an asymmetric procurement auction with two suppliers. The buyer can award the …-of-first-refusal. The preferred supplier may be an independent firm who has paid for the preference or may be a subsidiary of the buyer …. Preference creates an allocative distortion that is qualitatively different than the distortion that arises in an asymmetric …

Persistent link: https://www.econbiz.de/10010851359

How Accurate are Surveyed Preferences for Public Policies? Evidence from a Unique Institutional Setup

Funk, Patricia - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

Opinion polls and other surveys are used to capture public sentiments on a variety of issues. If citizens are unwilling to reveal certain policy preferences to others, surveys may fail to characterize population preferences accurately. The innovation of this paper is to use unique data to...

Persistent link: https://www.econbiz.de/10010851360

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