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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

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

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

The Double Nature of Conventions - An Experimental Analysis

Miller, Luis M. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

is studied experimentally. The main results of the experiment are: (1) normative conventions have to be commonly known …

Persistent link: https://www.econbiz.de/10005765118

Noisy leadership: An experimental approach

Müller, Wieland; Spiegel, Yossi; Güth, Werner - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

We examine the strategic behavior of leaders and followers in sequential duopoly experiments in which followers either … perfectly observe the leaders’ actions or else observe nothing. Our experiments show that consistent with the theory, leaders …

Persistent link: https://www.econbiz.de/10005765127

From Ultimatum to Nash Bargaining: Theory and Experimental Evidence

Fischer, Sven; Güth, Werner; Müller, Wieland - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

Nash demand game. In the experiment we vary the commonly known probability of information transmission. Our main finding is …

Persistent link: https://www.econbiz.de/10005765159

Prices as indicators of scarcity - an experimental study of a multistage auction

McDaniel, Tanga; Nicklisch, Andreas - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

case. As an example we discuss auctions for future access rights to a network. We use experiments to show that the …

Persistent link: https://www.econbiz.de/10005765179

Valuing Protection against Low Probability, High Loss Risks: Experimental Evidence

Morone, Andrea; Ozdemir, Ozlem - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

measure, (3)calculates relative risk aversion. The results of the experiment indicate that as the probability of loss and loss …

Persistent link: https://www.econbiz.de/10005765184