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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
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the …
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
as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either …
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
broken, and guilt is exacerbated by higher interaction prices. An experiment qualitatively confirms our predictions: (1) most …
Persistent link: https://www.econbiz.de/10008529143
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Strategic Ignorance in Bargaining
Conrads, Julian; Irlenbusch, Bernd - Institute for the Study of Labor (IZA) - 2011
rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …
Persistent link: https://www.econbiz.de/10009371183
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The Good, the Bad and the Naive: Do Fair Prices Signal Good Types or Do They Induce Good Behaviour?
Dulleck, Uwe; Johnston, David W.; Kerschbamer, Rudolf; … - Institute for the Study of Labor (IZA) - 2012
"good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model's predictions and show that causality goes from good experts to fair …
Persistent link: https://www.econbiz.de/10011279266
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Testing a Forgotten Aspect of Akerlof's Gift Exchange Hypothesis: Relational Contracts with Individual and Uniform Wages
Kocher, Martin G.; Luhan, Wolfgang J.; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2012
. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …
Persistent link: https://www.econbiz.de/10011279270
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The Effect of Religion on Cooperation and Altruistic Punishment: Experimental Evidence from Public Goods Experiments
Akay, Alpaslan; Karabulut, Gökhan; Martinsson, Peter - Institute for the Study of Labor (IZA) - 2011
This paper experimentally examines how religious festivals and the degree of religiosity affect cooperation and altruistic punishment by using public goods experiments. We conducted the experiments in Turkey at different points in time; one on the most religious day during Ramadan (the Night of...
Persistent link: https://www.econbiz.de/10009369116
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Strategic Sophistication of Adolescents: Evidence from Experimental Normal-Form Games
Czermak, Simon; Feri, Francesco; Rützler, Daniela; … - Institute for the Study of Labor (IZA) - 2010
reply to beliefs if any player has a dominant strategy and equilibrium payoffs are not too unequal. Using a mixture model we …
Persistent link: https://www.econbiz.de/10008466019
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Can Endogenous Group Formation Prevent Coordination Failure? A Theoretical and Experimental Investigation
Raab, Philippe - Institute for the Study of Labor (IZA) - 2005
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with multiple Pareto-ranked equilibria. Endogenous group formation means that in each period players are free to choose among two or more groups within which they want to play the...
Persistent link: https://www.econbiz.de/10005761696
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Strategic Sophistication of Individuals and Teams in Experimental Normal-Form Games
Sutter, Matthias; Czermak, Simon; Feri, Francesco - Institute for the Study of Labor (IZA) - 2010
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games … to textbook rationality. Using a mixture model, the estimated probability to play strategically is 62% for teams, but …
Persistent link: https://www.econbiz.de/10008480923