We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we … confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation … between emotions and bidding behavior in a second auction series. Our main results are: (i) the economic shock has a …

We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …

Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the … discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price …

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …

In a door-to-door fundraising field experiment, we study the impact of fundraising mechanisms on charitable giving. We … approached about 4500 households, each participating in either an all-pay auction, a lottery, a non-anonymous voluntary … contribution mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households competed for a prize in the all-pay auction …

verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …

-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …

maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …