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This paper reports the first experimental study of the serial and the average cost pricing mechanism under three different treatments: a complete information treatment and two treatments designed to simulate distributed systems like the Internet with extremely limited information, synchronous...
Persistent link: https://www.econbiz.de/10005001438
Persistent link: https://www.econbiz.de/10005051699
In Geng, Weiss, and Wolff(2011), we pointed to the possibility that a voting mechanism may create or strengthen an entitlement effect in political-power holders relative to a random-appointment mechanism. This comment documents that such an effect, if it exists, is not robust.
Persistent link: https://www.econbiz.de/10010635290
laboratory experiment that incorporates more aspects of real world complexity and more different sorts of official and private …
Persistent link: https://www.econbiz.de/10008457976
laboratory experiment.  The laboratory   experiment avoids measurement errors to which econometric estimation   is subject … experiment also   embeds a new theory of exchange rate determination involving the   uncontroversial power of fully cooperating …
Persistent link: https://www.econbiz.de/10004968391
In this paper, we experimentally approach the question of which aspects of a voting procedure are able to restrict elected candidates' willingness to use their power in an opportunistic way. For this purpose, we rule out reelection concerns and analyse whether the presence of a vote by itself...
Persistent link: https://www.econbiz.de/10008642862