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Brandts, Jordi; Riedl, Arno; Winden, Frans van - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that … in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff … gains for the short side of the market. We also find that competition has a strong negative impact on social well-being, the …

Persistent link: https://www.econbiz.de/10010547347

On the External Validity of Social- Preference Games: A Systematic Lab-Field Study

Galizzi, Matteo M.; Navarro-Martínez, Daniel - Barcelona Graduate School of Economics (Barcelona GSE) - 2015

We present a lab-field experiment designed to assess systematically the external validity of social preferences elicited in a variety of experimental games. We do this by comparing behavior in the different games with a number of behaviors elicited in the field and with self-reported behaviors...

Persistent link: https://www.econbiz.de/10011115551

Preference Intensities and Risk Aversion in School Choice: A Laboratory Experiment

Klijn, Flip; Pais, Joana; Vorsatz, Marc - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

We experimentally investigate in the laboratory two prominent mechanisms that are employed in school choice programs to assign students to public schools. We study how individual behavior is inﬂuenced by preference intensities and risk aversion. Our main results show that (a) the GaleShapley...

Persistent link: https://www.econbiz.de/10011132915

Competitions with Forward Contracts: A Laboratory Analysis Motivated by Electricity Market Design

Brandts, Jordi; Pezanis-Christou, Paul; Schram, Arthur - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

contracting to a pre-existing spot market. We deal separately with the cases where spot market competition is in quantities and … types of competition the introduction of a forward market significantly lowers prices. The combination of supply function … competition with a forward market leads to high efficiency levels. …

Persistent link: https://www.econbiz.de/10010547195

Endogenous Depth of Reasoning

Alaoui, Larbi; Penta, Antonio - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

We introduce a model of strategic thinking in games of initial response. Unlike standard level-k models, in this framework the player's `depth of reasoning' is endogenously determined, and it can be disentangled from his beliefs over his opponent's cognitive bound. In our approach, individuals...

Persistent link: https://www.econbiz.de/10010851323

On Punishment and Well-being

Brandts, Jordi; Rivas, María Fernanda - Barcelona Graduate School of Economics (Barcelona GSE) - 2007

The existence of punishment opportunities has been shown to cause efficiency in public goods experiments to increase considerably. In this paper we ask whether punishment also has a downside in terms of process dissatisfaction. We conduct an experiment to study the conjecture that an environment...

Persistent link: https://www.econbiz.de/10010851350

Legitimacy, Communication and Leadership in the Turnaround Game

Brandts, Jordi; Cooper, David J.; Weber, Roberto A. - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

We study the effectiveness of leaders for inducing coordinated organizational change to a more efficient equilibrium, i.e., a turnaround. We compare communication from leaders to incentive increases and also compare the effectiveness of randomly selected and elected leaders. While all...

Persistent link: https://www.econbiz.de/10010851357

Recreating the South Sea Bubble: Lessons from an Experiment in Financial History

Giusti, Giovanni; Noussair, Charles; Voth, Hans-Joachim - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

Major bubble episodes are rare events. In this paper, we examine what factors might cause some asset price bubbles to become very large. We recreate, in a laboratory setting, some of the specific institutional features investors in the South Sea Company faced in 1720. Several factors have been...

Persistent link: https://www.econbiz.de/10010851451

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

Not Just Like Starting Over: Leadership and Revivification of Cooperation in Groups

Brandts, Jordi; Rott, Christina; Solà, Carles - Barcelona Graduate School of Economics (Barcelona GSE) - 2015

We conduct a laboratory experiment to study how, after a history of decay, cooperation in a repeated voluntary contribution game can be revived in an enduring way. Simply starting the repeated game over - a simple fresh start - leads to an initial increase of cooperation, but to a subsequent new...

Persistent link: https://www.econbiz.de/10011261233