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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
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
Are commonly known beliefs essential for bidding behavior in asymmetric auctions? Our experimental results suggest that …
Persistent link: https://www.econbiz.de/10005765211
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
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
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
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
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
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
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