Showing 1 - 10 of 49
In this paper, we study the impact of a merger on collusion depending on the endowment of capital asset among firms. We show that the merger makes the collusion easier to sustain when asymmetric capital stock combines with less efficient insiders because of more symmetric conditions and closer...
Persistent link: https://www.econbiz.de/10005056882
This paper considers a model of two interconnected networks with different qualities. There are call externalities in the sense that consumers value calls they send and receive. Networks compete in two part tariffs. We show that call externalities create private incentives for each competitor to...
Persistent link: https://www.econbiz.de/10005056880
influence participation and effort. We contrast three incentive schemes in a real-effort experiment in which individuals decide …
Persistent link: https://www.econbiz.de/10011161033
Unethical behavior within organizations is not rare. We investigate experimentally the role of status-seeking behavior in sabotage and cheating activities aiming at improving one’s performance ranking in a flat-wage environment. We find that average effort is higher when individuals are...
Persistent link: https://www.econbiz.de/10011161035
in the experiment, making strategic complementarities and overreaction an issue of second order. …
Persistent link: https://www.econbiz.de/10011161040
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010739568
We provide experimental evidence of workers’ ingratiation by opinion conformity and of managers’ discrimination in favor of workers with whom they share similar opinions. In our Baseline, managers can observe both workers’ performance at a task and opinions before assigning unequal...
Persistent link: https://www.econbiz.de/10010858024
We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and trading activity in experimental asset markets. We compare i) a no-bonus treatment based on Smith, Suchanek and Williams (1988) ; ii) a short-term bonus treatment in which bonuses...
Persistent link: https://www.econbiz.de/10010858034
We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality aversion than individual initial proposals in team...
Persistent link: https://www.econbiz.de/10010858037
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden …
Persistent link: https://www.econbiz.de/10005086286