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Privately Contributing to Public Goods over Time - An Experimental Study -

Güth, Werner; Levati, Maria Vittoria; Stiehler, Andreas - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...

Persistent link: https://www.econbiz.de/10005252197

An Application of the English Clock Market Mechanism to Public Goods Games

Levati, Maria Vittoria; Neugebauer, Tibor - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2001

We conducted a laboratory study with a public goods game in which contributions are not submitted all at once but incrementally as coordinated in real time by a clock. Individuals press a button as soon as the clock equals their willingness to contribute. This public goods institution exploits...

Persistent link: https://www.econbiz.de/10005765099

Asymmetric Auction Experiments With(out) Commonly Known Beliefs

Güth, Werner; Ivanova-Stenzel, Radosveta - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

Are commonly known beliefs essential for bidding behavior in asymmetric auctions? Our experimental results suggest that …

Persistent link: https://www.econbiz.de/10005765211

Partner selection in public goods experiments

Coricelli, Giorgio; Fehr, Dietmar; Fellner, Gerlinde - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

This paper studies the e_ect of introducing costly partner selection for the voluntary contribution to a public good. Subjects participate in six sequences of five rounds of a two-person public good game in partner design. At the end of each sequence subjects can select a new partner out of six...

Persistent link: https://www.econbiz.de/10005765142

Trust in cooperation or ability? – An experimental study on gender differences

Schwieren, Christiane; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

We examine experimentally two different types of trust: trust in another party’s cooperation and trust in ability. In … the cooperation condition, player A sends x ? {0, X} to player B. The amount x is multiplied by c = 3, and B can return y … ability condition, but no significant effect in the cooperation condition. …

Persistent link: https://www.econbiz.de/10005588002

Are preferences incomplete? An experimental study using flexible choices

Danan, Eric; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

Completeness, the most commonly assumed axiom in preference theory, has not received much attention from the experimental literature. Indeed, incomplete preferences model a cognitive phenomenon (an agent's inability to compare alternatives), and therefore cannot be directly revealed through...

Persistent link: https://www.econbiz.de/10005247884

Cooperative Networks: Theory and Experimental Evidence

Pantzy, Katinka; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

present the results of two separate experiments. The first experiment serves to provide necessary methodological prerequisites … can form binding cooperation commitments. As the introduced mechanism only supports pairwise rather than more inclusive … cooperative networks and evaluate the behavioral efficacy of the suggested mechanism to promote and stabilize cooperation. We …

Persistent link: https://www.econbiz.de/10005247885

An Experimental Investigation of Alternatives to Expected Utility Using Pricing Data

Morone, Andrea; Schmidt, Ulrich - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

Experimental research on decision making under risk has until now always employed choice data in order to evaluate the empirical performance of expected utility and the alternative non-expected utility theories. The present paper performs a similar analysis which relies on pricing data instead...

Persistent link: https://www.econbiz.de/10005252188

Strategic Delay and Rational Imitation in the Laboratory

Ziegelmeyer, Anthony; My, Kene Boun; Vergnaud, … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

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 our experimental...

Persistent link: https://www.econbiz.de/10005252205

Membership Rule and Strategic Alliances: An Experimental Approach

Apesteguia, Jose; Ziegelmeyer, Anthony; Pantz, Katinka - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

Recently, new game theoretic approaches have been suggested that address the emergence of inter-firm collaborative agreements (strategic alliances) that are situated between standard market transactions of unrelated companies and their integration by means of mergers and acquisitions. This paper...

Persistent link: https://www.econbiz.de/10005252207