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Standardized Enforcement: Access to Justice vs. Contractual Innovation

Gennaioli, Nicola; Perotti, Enrico - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We model the different ways in which precedents and contract standardization shape the development of markets and the law. In a setup where more resourceful parties can distort contract enforcement to their advantage, we find that the introduction of a standard contract reduces enforcement...

Persistent link: https://www.econbiz.de/10010558712

The Donor Problem

Abbink, Klaus; Ellman, Matthew - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

Donors often rely on local intermediaries to deliver benefits to target beneficiaries. Each selected recipient observes if the intermediary under-delivers to them, so they serve as natural monitors. However, they may withhold complaints when feeling unentitled or grateful to the intermediary for...

Persistent link: https://www.econbiz.de/10010851320

Entry and Market Selection of Firms: A Laboratory Study

Brandts, Jordi; Giritligil, Ayça Ebru - Barcelona Graduate School of Economics (Barcelona GSE) - 2006

We study competition in experimental markets in which two incumbents face entry by three other firms. Our treatments vary with respect to three factors: sequential vs. block or simultaneous entry, the cost functions of entrants and the amount of time during which incumbents are protected from...

Persistent link: https://www.econbiz.de/10010851346

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 …

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

The Role of Role Uncertainty in Modified Dictator Games

Iriberri, Nagore; Rey-Biel, Pedro - Barcelona Graduate School of Economics (Barcelona GSE) - 2009

experiments that aim to measure the prevalence of interdependent preferences. …

Persistent link: https://www.econbiz.de/10010851352

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

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 … the lists yields a systematic decrease in risk aversion. This bias is quite distinct from other confounds that have been … developments where better prospects increase risk aversion. Nevertheless, we have also found that the more recent elicitation …

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

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

Frames and Games

Brandts, Jordi; Schwieren, Christiane - Barcelona Graduate School of Economics (Barcelona GSE) - 2007

difficult to study human behavior in a synthetic or theoretic manner. We present results from experiments with dilemma games …

Persistent link: https://www.econbiz.de/10010547112