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A two-persons bargaining problem often consists of initially incompatible demands that can be unilaterally reduced by sequential concessions. In a 2 x 2 x 2-factorial design we distinguish between reliable and unreliable concessions, between a static and dynamic settings and between symmetric...
Persistent link: https://www.econbiz.de/10005866602
Assuming inequality averse subjects as modeled by Fehr and Schmidt (1999) or in the ERC model by Bolton and Ockenfels (2000) in ultimatum games with asymmetric conflict payoffs allows to make predictions especially concerning responder acceptance thresholds. These predictions are tested in a...
Persistent link: https://www.econbiz.de/10005866680
This paper investigates market failures due to strategic delays. We test experimentally a discrete model of dynamic investment, where two privately informed agents have an option to invest at the time of their choice in the presence of waiting costs. The equilibrium outcome of ourexperimental...
Persistent link: https://www.econbiz.de/10005866694
The employment relationship is characterized by incomplete contracts. Labor contracts often take the form of a fixed wage without explicit performance incentives meaning that workers have a large degree of discretion over effort levels. As a consequence, an employee’s general jobattitude...
Persistent link: https://www.econbiz.de/10005866697
suf-¯cient to induce cooperative outcomes. In the second experiment we introduce the pairwisecommitment mechanism and we … observe aggregate cooperation rates beyond those observedin the ¯rst experiment whatever the monitoring cost but also beyond …
Persistent link: https://www.econbiz.de/10005866705
Arguably the most important campaign finance regulations in U.S. federal elections are limitsimposed on the amount that an individual or organization may donate to a federal campaign. Suchcontribution limits are advocated on two separate grounds. The first is that they prevent corruption,the...
Persistent link: https://www.econbiz.de/10005866710
provider.The optimal bids and bribes are derived based on an iid private costassumption. In the experiment, bribes are …
Persistent link: https://www.econbiz.de/10005866715
Hegemony is a central feature of contemporary international politicsbut it remains seriously under-theorized. We draw on cooperative game theoryto represent and analyze different aspects of hegemony. After developing ageneral conception of hegemony, we analyze the circumstances under which...
Persistent link: https://www.econbiz.de/10005866820
Experimental research on decision making under risk has until now always employed choicedata in order to evaluate the empirical performance of expected utility and the alternative nonexpectedutility theories. The present paper performs a similar analysis which relies on pricingdata instead of...
Persistent link: https://www.econbiz.de/10005866821
. By means of a laboratory experiment, we will investigate the effect of quantity and quality of information,present in a …
Persistent link: https://www.econbiz.de/10005866822