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Extending the die rolling experiment of Fischbacher and Föllmi-Heusi (2013), we compare gender effects with respect to …
Persistent link: https://www.econbiz.de/10010948842
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10005094414
environments, we use a laboratory experiment in which we form groups and assign leadership roles at random. We study an environment … behavior. Moreover, appointing leaders who are likely to have acted dishonestly in a preliminary stage of the experiment yields …
Persistent link: https://www.econbiz.de/10010812487
post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … if the buyer’s bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger … use of negotiations as a procurement mechanism in private industry. …
Persistent link: https://www.econbiz.de/10011210403
and in actual policymaking, is to link negotiations on climate change control with decisions concerning international R …
Persistent link: https://www.econbiz.de/10005406394
According to the Framework Convention on Climate Change, global collective action is needed to stabilize “greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system.” The Framework Convention thus...
Persistent link: https://www.econbiz.de/10010734324
Previous research shows that collective action to avoid a catastrophic threshold, such as a climate “tipping point,” is unaffected by uncertainty about the impact of crossing the threshold but that collective action collapses if the location of the threshold is uncertain. Theory suggests...
Persistent link: https://www.econbiz.de/10010743452
We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement … – that an intransparent negotiation yields a higher buyer surplus than a transparent auction for a range of parameters. In … negotiation yields a higher buyer surplus with a probability arbitrary close to 1 in the parameter space. Moreover, if the …
Persistent link: https://www.econbiz.de/10010599726
Explaining individual behavior in politics should rely on the same motivational assumptions as explaining behavior in the market: That’s what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, those who...
Persistent link: https://www.econbiz.de/10010948848
institutional changes begin with pro-competition policies, then a better protection of property rights, followed by a possible …
Persistent link: https://www.econbiz.de/10010948883