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Symbols, Group Identity and the Hold-up Problem

Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2011

Groups, companies, and organizations identify themselves via symbols. Symbols have the potential to create group identity and at the same time create group boundaries, thus allowing for achieving the benefits of cooperation by ingroup members. We use a laboratory experiment to study the role of...

Persistent link: https://www.econbiz.de/10009371392

Does Group Identity Prevent Inefficient Investment in Outside Options? An Experimental Investigation

Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2014

We study whether group identity helps mitigate inefficiencies associated with appropriable quasi-rents, which are often created by relationship-specific investments in bilateral trade relationships. Based on previous findings that group identity strengthens other-regarding preferences, we...

Persistent link: https://www.econbiz.de/10011120420

Group Identity and Relation-Specific Investment: An Experimental Investigation

Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2012

The hold-up problem has played a central role in the study of firm boundaries, which is a fundamental element of the economic study of organizations. We study a previously unex-plored mechanism by which integration between two parties could resolve the problem. Based on the social identity...

Persistent link: https://www.econbiz.de/10010907436

Group Size, Coordination, and the Effectiveness of the Punishment Mechanism in the VCM: An Experimental Investigation

Xu, Bin; Cadsby, Bram; Fan, Liangcong; Song, Fei - Department of Economics and Finance, College of … - 2011

In this study, we examine the effectiveness of the individual-punishment mechanism in larger groups, comparing groups … of four to groups of 40 participants. We find that the individual punishment mechanism is remarkably robust when the MPCR … punishment decisions in the context of a larger group. This reflects increased per-capita expenditures on punishment that offset …

Persistent link: https://www.econbiz.de/10009351412

Punishment with Uncertain Outcomes in the Prisoner’s Dilemma

Duersch, Peter; Servátka, Maroš - Department of Economics and Finance, College of … - 2009

This paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … is played; Certain Punishment in which the prisoner’s dilemma game is followed by a punishment stage allowing subjects to … decrease the other player’s payoff by 2 Euros; and Uncertain Punishment in which subjects could decrease the other player …

Persistent link: https://www.econbiz.de/10005056481

How Competitive are Female Professionals? A Tale of Identity Conflict

Cadsby, C. Bram; Servatka, Maros; Song, Fei - Department of Economics and Finance, College of … - 2011

We develop and test experimentally the argument that gender/family and/or professional identities, activated through psychological priming, may influence preference for competition. We focus on female professionals for whom these identities may conflict and male professionals for whom they may...

Persistent link: https://www.econbiz.de/10009275558

The House Money Effect and Negative Reciprocity

Danková, Katarína; Servátka, Maroš - Department of Economics and Finance, College of … - 2014

In the vast majority of laboratory experiments documenting the existence of reciprocity subjects are endowed with windfall funds. In many environments with salient fairness considerations such endowments are known to inflate subjects’ other-regarding behavior, thereby creating a so-called...

Persistent link: https://www.econbiz.de/10011127992

Trust, Reciprocity, and Guanxi in China: An Experimental Investigation

Song, Fei; Cadsby, C. Bram; Bi, Yunyun - Department of Economics and Finance, College of … - 2012

We examine the influence of social distance on levels of trust and reciprocity in China. Social distance, reflected in the indigenous concept of guanxi, is of central importance to Chinese culture. In Study 1, some participants participated in two financially salient trust games to measure...

Persistent link: https://www.econbiz.de/10009493984

The House Money Effect and Negative Reciprocity

Danková, Katarína; Servátka, Maroš - Department of Economics and Finance, College of … - 2014

In the vast majority of experiments documenting the existence of reciprocity subjects are endowed with windfall funds. In some situations such endowments might create a so-called “house money effect”. We identify two reasons why the source of endowment might matter for negative reciprocity:...

Persistent link: https://www.econbiz.de/10010907394

Goodwill Can Hurt: a Theoretical and Experimental Investigation of Return Policies in Auctions

Cadsby, C. Bram; Du, Ninghua; Wang, Ruqu; Zhang, Jun - Department of Economics and Finance, College of … - 2015

Will generous return policies in auctions benefit bidders? We investigate this issue using second-price common-value auctions. Theoretically, we find that the bidding equilibrium is unique unless returns are free, in which case there exist multiple equilibria with different implications for...

Persistent link: https://www.econbiz.de/10011261886