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Revealed Distributional Preferences: Individuals vs. Teams

Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin G. - Volkswirtschaftliche Fakultät, … - 2013

We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...

Persistent link: https://www.econbiz.de/10010897339

Equality, Equity and Incentives: An Experiment

Balafoutas, Loukas; Kocher, Martin G.; Putterman, Louis; … - Volkswirtschaftliche Fakultät, … - 2013

We study a fundamental conflict in economic decision-making, the trade-off between equality, equity and incentives, in … are either task-determined or random. We find that earned endowments lead to less support for redistribution and less … cooperation. Subjects' voting is influenced by egalitarian and equity concerns, in addition to self-interest. Cooperation rates …

Persistent link: https://www.econbiz.de/10011019394

Experimental "beauty contests" with homogeneous and heterogeneous players and with interior and boundary equilibria

Güth, Werner; Kocher, Martin; Sutter, Matthias - 2001

We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players. -- beauty...

Persistent link: https://www.econbiz.de/10009614296

Fairness in the mail and opportunism in the internet : a newspaper experiment on ultimatum bargaining

Güth, Werner; Schmidt, Carsten; Sutter, Matthias - 2001

described, statistically analyzed, and compared to usual laboratory ultimatum bargaining results. -- fairness ; ultimatum …

Persistent link: https://www.econbiz.de/10009614299

Individual or team decision-making-Causes and consequences of self-selection

Kocher, Martin G.; Strauß, Sabine; Sutter, Matthias - Volkswirtschaftliche Fakultät, … - 2006

Even though decision-making in small teams is pervasive in business and private life, little is known about subjects' preferences with respect to individual and team decision-making and about the consequences of respecting these preferences. We report the results from an experimental...

Persistent link: https://www.econbiz.de/10011019492

Individuals and teams in auctions

Sutter, Matthias; Kocher, Martin G.; Strauß, Sabine - Volkswirtschaftliche Fakultät, … - 2009

Experimental studies on bidding in auctions have so far relied on individual bidders, even though teams are often involved in real auctions. We examine the bidding behaviour of individuals and teams. Our experimental results show that teams stay longer in an (ascending sealed-bid English)...

Persistent link: https://www.econbiz.de/10011019522

Bargaining under time pressure in an experimental ultimatum game

Sutter, Matthias; Kocher, Martin G.; Strauß, Sabine - Volkswirtschaftliche Fakultät, … - 2003

Persistent link: https://www.econbiz.de/10011019608

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 - Volkswirtschaftliche Fakultät, … - 2012

that receive different wages. We present the first test of this component, which we call the fair uniform-wage hypothesis …

Persistent link: https://www.econbiz.de/10009654290

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

Kocher, Martin G.; Sutter, Matthias - Volkswirtschaftliche Fakultät, … - 2007

Persistent link: https://www.econbiz.de/10010897418

Trust and trustworthiness across different age groups

Sutter, Matthias; Kocher, Martin G. - Volkswirtschaftliche Fakultät, … - 2007

We examine the degree of trust and trustworthiness in an experimental trust game with 662 participants from six different age groups, ranging from 8-year-olds to retired persons. Although both trust and trustworthiness have been identified as fundamental pillars for efficient economic...

Persistent link: https://www.econbiz.de/10010897448