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We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even though in reality teams were largely involved in those auctions, experimental studies on bidding in auctions have so far relied on individual bidders. Our results show that...
Persistent link: https://www.econbiz.de/10005432661
. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses? individual risk …
Persistent link: https://www.econbiz.de/10005581169
sellers refuse to offer posted prices as long as (risk-neutral) buyers do not differ with respect to their transaction costs …
Persistent link: https://www.econbiz.de/10010943338
risk seeking (as opposed to female, older and more risk averse) leaders overrule decisions of ordinary team members more …
Persistent link: https://www.econbiz.de/10005427653
The need for efficient coordination is ubiquitous in organizations and industries. The literature on the determinants of efficient coordination has focused on individual decision-making so far. In reality, however, teams often have to coordinate with other teams. We present an experiment with...
Persistent link: https://www.econbiz.de/10005427660
While most papers on team decision-making find that teams behave more selfishly, less trustingly and less altruistically than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group...
Persistent link: https://www.econbiz.de/10005427663
Charness et al. (2007b) have shown that group membership has a strong effect on individual decisions in strategic games when group membership is salient through payoff commonality. In this comment I show that their findings also apply to non-strategic decisions, even when no outgroup exists, and...
Persistent link: https://www.econbiz.de/10005432671
We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We find that sellers stop searching earlier than theoretically optimal. Inducing a mild form of time...
Persistent link: https://www.econbiz.de/10005432672
We study the influence of gender and gender pairing on economic decision making in an experimental two-person bargaining game where the other party?s gender is known to both actors. We find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically...
Persistent link: https://www.econbiz.de/10005399039
We study experimentally the relationship between intra-firm wage dispersion chosen by principals and workers' performance. Principals show a preference for more egalitarian wage schemes, and workers are negatively influenced by high levels of wage inequality.
Persistent link: https://www.econbiz.de/10005399041