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Social Distance and Trust: Experimental Evidence from a Slum in Cairo
Binzel, Christine; Fehr, Dietmar - Institute for the Study of Labor (IZA) - 2013
While strong social ties help individuals cope with missing institutions, trade is essentially limited to those who are part of the social network. We examine what makes the decision to trust a stranger different from the decision to trust a member of a given social network (a friend), by...
Persistent link: https://www.econbiz.de/10005086589
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Do We Follow Others When We Should? A Simple Test of Rational Expectations
Weizsäcker, Georg - Institute for the Study of Labor (IZA) - 2008
The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...
Persistent link: https://www.econbiz.de/10005703501
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2009
Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the determinants for efficiency in credence goods...
Persistent link: https://www.econbiz.de/10005822832
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The Impact of Distributional Preferences on (Experimental) Markets for Expert Services
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - Institute for the Study of Labor (IZA) - 2009
Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...
Persistent link: https://www.econbiz.de/10008550001
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Guilt from Promise-Breaking and Trust in Markets for Expert Services: Theory and Experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - Institute for the Study of Labor (IZA) - 2010
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert’s provision and charging decisions. We argue that the...
Persistent link: https://www.econbiz.de/10008529143
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Courtesy and Idleness: Gender Differences in Team Work and Team Competition
Ivanova-Stenzel, Radosveta; Kübler, Dorothea - Institute for the Study of Labor (IZA) - 2005
Does gender play a role in the context of team work? Our results based on a real-effort experiment suggest that performance depends on the composition of the team. We find that female and male performance differ most in mixed teams with revenue sharing between the team members, as men put in...
Persistent link: https://www.econbiz.de/10005566353
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Strategic Ignorance in Bargaining
Conrads, Julian; Irlenbusch, Bernd - Institute for the Study of Labor (IZA) - 2011
In his classic article "An Essay on Bargaining" Schelling (1956) argues that ignorance might actually be strength rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the proposer can choose between two possible offers. Option...
Persistent link: https://www.econbiz.de/10009371183
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Career Concerns in a Simple Experimental Labour Market
Irlenbusch, Bernd; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2003
conclude that transparency does not weaken, but strengthen career concerns incentives. …
Persistent link: https://www.econbiz.de/10005566413
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Social Networks
de Martí, Joan; Zenou, Yves - Institute for the Study of Labor (IZA) - 2009
We survey the literature on social networks by putting together the economics, sociological and physics/applied mathematics approaches, showing their similarities and differences. We expose, in particular, the two main ways of modeling network formation. While the physics/applied mathematics...
Persistent link: https://www.econbiz.de/10008558948
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Laws and Norms
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2012
"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It first examines how honor, stigma … and social norms arise from individuals' behaviors and inferences, and how they interact with material incentives. It then … incentives and sending a message about society's values, and hence about the norms that different behaviors are likely to …
Persistent link: https://www.econbiz.de/10009646323