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Long-term work contracts versus sequential spot markets : experimental evidence on firm-specific investment

Anderhub, Vital; Königstein, Manfred; Kübler, Dorothea - 1999

administered incentives. -- principal agent ; experiment ; specific human capital …

Persistent link: https://www.econbiz.de/10009580472

An experimental study of the repeated trust game with incomplete information

Anderhub, Vital; Güth, Werner; Engelmann, Dirk - 1999

, player 2 between exploiting player 1 or rewarding him. In our experiment, player 2 can be a notorically rewarding player … repeated games with changed partners. In our computerized experiment, participants can explicitly rely on mixed strategies …

Persistent link: https://www.econbiz.de/10009582410

Capacity choices and price competition in experimental markets

Anderhub, Vital; Güth, Werner; Kamecke, Ulrich; … - 2001

setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage …

Persistent link: https://www.econbiz.de/10009612564

Efficient contracting and fair play in a simple principal-agent experiment

Anderhub, Vital; Gächter, Simon; Königstein, Manfred - 1999

observed in the experiment aim at fair surplus sharing. -- principal-agent theory ; contract theory ; fair sharing ; incentive …Modern 'principal-agent theory' has made a lot of progress in proposing theoretical Solutions to agency problems. This … evidence on offered contracts and effort choices in a simple agency game. In line with principal-agent theory we find that in …

Persistent link: https://www.econbiz.de/10009581090

On the interaction of risk and time preferences : an experimental study

Anderhub, Vital; Genîzî, Ûrî; Güth, Werner; … - 1999

Experimental studies of risk and time-preference typically focus on one of the two phenomena. The goal of this paper is to investigate the (possible) correlation between subjects' attitude to risk and their time-preference. For this sake we ask 61 subjects to price a simple lottery in 3...

Persistent link: https://www.econbiz.de/10009581107

On saving and investing : an experimental study of intertemporal decision making in a complex stochastic environment

Anderhub, Vital; Güth, Werner; Knust, Florian - 2000

The experimental situation presents a complex stochastic intertemporal allocation problem. First, two initial chance moves select one of three possible termination probabilities which then determines whether "life" lasts 3,4,5, or 6 periods. Compared to Anderhub et al. (1997) participants are...

Persistent link: https://www.econbiz.de/10009582396

Alternating offer bargaining experiments with varying institutional details

Anderhub, Vital; Güth, Werner; Marchand, Nadège - 2001

The game theoretic prediction for alternating offer bargaining depends crucially on how “the pie” changes over time, and whether the proposer in a given round has ultimatum power. We study experimentally eight such bargaining games. Each game is once repeated before moving on to the next one...

Persistent link: https://www.econbiz.de/10009612565