Showing 1 - 10 of 69
administered incentives. -- principal agent ; experiment ; specific human capital …
Persistent link: https://www.econbiz.de/10009580472
In this paper we present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary …
Persistent link: https://www.econbiz.de/10009581106
employees to accept lower wages as well? As an alternative to reviewing statistical data, we have performed an experiment with a … lower competitive wage in the second phase of an employment relationship that is known to both parties. The experiment casts …
Persistent link: https://www.econbiz.de/10009578579
This study examines bidder preferences between alternative auction institutions. In particular we seek to experimentally characterize the degree to which bidders prefer an ascending auction over a sealed bid auction. We find very strong ceteris paribus preferences for the ascending institution...
Persistent link: https://www.econbiz.de/10009627275
the two mechanisms for the symmetric case. We show that subjects in a computerized experiment prefer the two-bid auction …
Persistent link: https://www.econbiz.de/10009615428
We examine learning behavior in auctions and Fair division games with independent private values under two different price rules, first and second price. Participants face these four games repeatedly and submit complete bid functions rather than single bids. This allows us to examine whether...
Persistent link: https://www.econbiz.de/10009581102
bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …
Persistent link: https://www.econbiz.de/10009582405
experiment where respondents have to detect corner solutions, that is, they should allocate to the venture either the maximum or … Allocation Strategy ; Entrepreneurship ; Questionnaire Experiment …
Persistent link: https://www.econbiz.de/10009583426
We review an asymmetric auction experiment. Based on Plum (1992) private valuations of the two bidders are … independently drawn from distinct but commonly known distributions, one of which stochastically dominating the other. We test the … the strong and then test bidders’ preference for first- vs. second–price auctions. -- Experiments ; Sealed Bid Auctions …
Persistent link: https://www.econbiz.de/10009612559
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