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Wages, Length of Relationship and Bargaining Power: An experimental study in a world of complete contracts

Dittrich, Dennis A.V. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

To explain potential sources of wage rigidity this article analyzes a model of reciprocal kindness applied to a repeated ultimatum game with changing and nonzero conflict payoffs. The model is also tested in a laboratory experiment. The results are compatible with the rentsharing approach to...

Persistent link: https://www.econbiz.de/10005765137

The investment game with asymmetric information

Coricelli, G.; Morales, L.G.; Mahlstedt, A. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

We analyze the effects of introducing asymmetric information and expectations in the investment game (Berg et al., 1995). In our experiment, only the trustee knows the size of the surplus. Subjects’ expectations about each other’s behavior are also elicited. Our results show that average...

Persistent link: https://www.econbiz.de/10005765175

Fairness Versus Efficiency - An Experimental Study of (Mutual) Gift Giving -

Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor...

Persistent link: https://www.econbiz.de/10005588006

On the nature of fair behavior and its development with age –

Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

Economic decisions have been shown to depend on actual outcomes as well as perceived intentions. In this paper, we examine whether and how the relative importance of outcomes or intentions for economic decision develops with age. We report the result of ultimatum games with children, teens and...

Persistent link: https://www.econbiz.de/10005247886

Road Traffic Congestion and Public Information: An Experimental Investigation

My, Kene Boun; Denant-Boèmont, Laurent; Koessler, … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

This paper reports two laboratory studies designed to study the impact of public information about past departure rates on congestion levels and travel costs. Our experimental design is based on a discrete version of Arnott, de Palma, and Lindsey’s (1990) bottleneck model where subjects have...

Persistent link: https://www.econbiz.de/10005252195

Age and the development of trust and reciprocity

Sutter, Matthias; Kocher, Martin G. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … and reciprocity have been identified as fundamental pillars for smooth and efficient economic interactions, economic …. Reciprocity prevails in all age groups, although its degree also seems to increase with age. …

Persistent link: https://www.econbiz.de/10005765128

Individual versus group behavior and the role of the decision making procedure in gift-exchange experiments

Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

We test for behavioral differences between groups and individuals in gift-exchange experiments. Related studies establish group behavior as typically closer to the game-theoretic equilibrium. We show that this result may depend crucially on the decision making procedure within groups. A novel...

Persistent link: https://www.econbiz.de/10005765166

Monitoring and Pay: An Experiment on Employee Performance under Endogenous Supervision

Dittrich, Dennis; Kocher, Martin - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

on the reciprocity of employees. …

Persistent link: https://www.econbiz.de/10005247882

Information and Communication in Sequential Bargaining

Brosig, Jeannette; Ockenfels, Axel; Weimann, Joachim - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

In experimental bargaining with incomplete information, we vary the information distribution (symmetric and asymmetric), the direction of electronic pre-play communication (no, one-way, and two-way), and the electronic communication medium (email and video) Bargaining out-comes are influenced by...

Persistent link: https://www.econbiz.de/10005765095

Social Learning of Efficiency Enhancing Trade With(out) Market Entry Costs - An experimental study

Chlaß, Nadine; Güth, Werner; Vanberg, Christoph - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2007

We investigate experimentally whether entry costs have an impact on the evolution of cooperation in a social dilemma game. In particular, subjects repeatedly play the so-called takeover game with anonymous partners randomly drawn from a fixed population of participants. The game represents a...

Persistent link: https://www.econbiz.de/10005765132