Similar Search Results

Overconfidence Can Improve an Agent's Relative and Absolute Performance in Contests

Ludwig, Sandra; Wichardt, Philipp C.; Wickhorst, Hanke - Volkswirtschaftliche Fakultät, … - 2010

This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, forthcoming). In particular, it shows that moderate overconfidence in a contest can improve the agent's performance...

Persistent link: https://www.econbiz.de/10008727202

Information Disclosure in Open Non-Binding Procurement Auctions: an Empirical Study

Stoll, Sebastian; Zöttl, Gregor - Volkswirtschaftliche Fakultät, … - 2012

The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding … process. We use data from a large European procurement platform to study the impact of different information structures … that on the procurement platform considered bidders indeed are aware of their rivals' characteristics and the buyers …

Persistent link: https://www.econbiz.de/10011106292

Searching the eBay Marketplace

Sailer, Katharina - Volkswirtschaftliche Fakultät, … - 2006

from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. Form the simple … a "reservation bid" for low-price auctions. Extending results from the empirical auction literature and employing a …

Persistent link: https://www.econbiz.de/10005121206

Fairness, Adverse Selection, and Employment Contracts

Siemens, Ferdinand von - Volkswirtschaftliche Fakultät, … - 2005

This paper considers a firm whose potential employees have private information on both their productivity and the extent of their fairness concerns. Fairness is modelled as inequity aversion, where fair-minded workers suffer if their colleagues get more income net of production costs. Screening...

Persistent link: https://www.econbiz.de/10005649802

Why were FIFA World Cup Tickets so cheap?

Eichhorn, Christoph; Sahm, Marco - Volkswirtschaftliche Fakultät, … - 2007

We examine the pricing decision of a multi-product monopolist in a two-sided market where the type structure of buyers on one side of the market is an important determinant of profit on the other side. In this situation it might be optimal to set prices below the maximum sellout price and to...

Persistent link: https://www.econbiz.de/10005649820