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An experimental comparison of the fairness models by Bolton and Ockenfels and by Fehr and Schmidt

Engelmann, Dirk; Strobel, Martin - 2000

In this note we present an experiment to compare the two competing fairness theories by Bolton / Ockenfels and Fehr …

Persistent link: https://www.econbiz.de/10009583893

Price variability and price dispersion in a stable monetary environment : evidence from German retail markets

Fengler, Matthias R.; Winter, Joachim - 2000

We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for … consumption goods recorded in Germany during 1995, a low inflation period. We find a significant positive correlation between the … correlated with price changes. As the rate of inflation rises, both variability and dispersion become affected. During …

Persistent link: https://www.econbiz.de/10009612033

Reducing size distortions of parametric stationarity tests

Lanne, Markku; Saikkonen, Pentti - 2000

trend in the model. An empirical illustration withinflation rate data is provided. -- stationarity test ; inflation rate …

Persistent link: https://www.econbiz.de/10009582386

I want you! : an experiment studying the selection effect when assigning distributive power

Brandts, Jordi; Güth, Werner; Stiehler, Andreas - 2002

We study whether selection affects motivation. In our experiment subjects first answer a personality questionnaire. They then play a 3-person game. One of the three players decides between an outside option assigning him a positive amount, but leaving the two others empty-handed and allowing one...

Persistent link: https://www.econbiz.de/10009625802

Learning to bid : an experimental study of bid function adjustments in auctions and fair division games

Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999

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

Auctions and fair division games under different price rules : individual bid functions, prices and efficiency rates

Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999

In auctions an outside seIler offers a commodity for sale and collects the revenue w hich is achieved. In fair division games the object is owned by the group of bidders. Consequently the auction's revenue is equally distributed among all bidders. In our experiment participants face four auction...

Persistent link: https://www.econbiz.de/10009582405

Auctions and fair division games : a cross-cultural bidding experiment

Ivanova-Stenzel, Radosveta - 2000

This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for different allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid function in both countries,...

Persistent link: https://www.econbiz.de/10009583890

Trust and reciprocity in the investment game with indirect reward

Güth, Werner; Königstein, Manfred; Marchand, Nadège; … - 2000

Experimental studies have shown that trust and reciprocity are effective in increasing efficiency when complete contracting is infeasible. One example is the study by Berg et al. (1995) of the investment game. In this game the person who receives the investment is the one who may reward the...

Persistent link: https://www.econbiz.de/10009612013

Retributive responses

Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - 2001

Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor...

Persistent link: https://www.econbiz.de/10009612563

Fairness versus efficiency : an experimental study of (mutual) gift giving

Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - 2000

Fairness is a strong concern as shown by the robust results of dictator giving and ultimatum experiments. Efficiency …

Persistent link: https://www.econbiz.de/10009612570

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