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In this paper we replicate and extend the experiment of Fehr and Gaechter (2000) that analyzes the effect of an opportunity to punish others on the level contributions in the Voluntary Contributions Mechanism. The punishment is costly for both the players distributing and those receiving the...
Persistent link: https://www.econbiz.de/10008791705
In physical models it is well understood that the aggregate behaviour of a system is not in one to one correspondence with the behaviour of the average individual element of that system. Yet, in many economic models the behaviour of aggregates is thought of as corresponding to that of an...
Persistent link: https://www.econbiz.de/10008791760
Cette expérience sur les mécanismes de contribution volontaire à un bien public utilise une fonction de paiement qui définit l'optimum de Pareto à l'intérieur de l'espace stratégique des contributions. Deux optima sont comparés. L'un est défini à 30% de la contribution individuelle,...
Persistent link: https://www.econbiz.de/10008791764
can only be realized if a certain threshold is reached. Thresholds can be of different forms such as a certain number of … given game and a given threshold. It is derived from a decomposition of the Shapley value. …
Persistent link: https://www.econbiz.de/10008793430
We consider a threshold autoregressive stochastic volatility model where the driving noises are sequences of iid …
Persistent link: https://www.econbiz.de/10008790909
We study the Downs-Thomson paradox, a situation where an additional road capacitycan cause an overall increase in transport generalized cost and therefore a decrease in welfarefor transport users. To this end, we build an experiment based on a double market-entrygame (DMEG) where users have to...
Persistent link: https://www.econbiz.de/10008792678
Although economics has long been considered as a non-experimental science, the development of experimental economics and behavioral economics is amazingly rapid and affects most fields of research. This paper first attempts at defining the main contributions of experiments to economics. It also...
Persistent link: https://www.econbiz.de/10008792760
We study the Downs-Thomson paradox, a situation where an additional road capacitycan cause an overall increase in transport generalized cost and therefore a decrease in welfarefor transport users. To this end, we build an experiment based on a double market-entrygame (DMEG) where users have to...
Persistent link: https://www.econbiz.de/10008794092
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism (called automated negotiation) used to resolve disputes arising from Internetbased transactions. Automated negotiation is an online sealed-bid process in which an automated...
Persistent link: https://www.econbiz.de/10008789255
Despite the numerous researches about imperfect competition, the market power remains difficult to quantify using traditional economics methods. In this paper, we propose an experimental economics design and outline some ways of analysis of its results toward characterization of the use of...
Persistent link: https://www.econbiz.de/10008789396