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-making experiment preceding the take game. The game consists of two stages. In the first stage, the take authority decides how much …) Irritation and contempt drive punishment behavior. (3) There are discontinuous “jumps” in the behavior of responders. They either … choose no punishment (destroy nothing) or the highest level of punishment (destroy everything). (4) Expectations have a …
Persistent link: https://www.econbiz.de/10005137100
Recent theoretical work shows that folk theorems can be developed for infinite overlapping generations games. Cooperation in such games can be sustained as a Nash equilibrium. Besides the efficient cooperative equilibrium there is also the inefficient non-cooperative equilibrium. This paper...
Persistent link: https://www.econbiz.de/10005144485
dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10005137046
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...
Persistent link: https://www.econbiz.de/10005137109
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition … experiments. …
Persistent link: https://www.econbiz.de/10008838631
Recent laboratory experiments support the popular view that the introduction of corporate leniency programs has … significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal … price discussions is the only way for subjects to avoid the one-shot competitive equilibrium. Subjects in the experiment of …
Persistent link: https://www.econbiz.de/10005136891
We study fairness and reciprocity in a Hawk-Dove game. This alllows us to test various models in one framework. We observe a large extent of selfish and rational behavior. Our results are inconsistent with leading models in this field.
Persistent link: https://www.econbiz.de/10005137274
Tax Liability Side Equivalence (tax LSE) claims that the statutory incidence of a tax is irrelevant for its economic incidence. In gift-exchange labor markets, firms provide a gift to workers by paying high wages, and workers reciprocate by providing high efforts. Tax LSE is theoretically...
Persistent link: https://www.econbiz.de/10005795580
(MUA) model. We find that pivotal suppliers do indeed exercise their market power in the experiments. We also find that …
Persistent link: https://www.econbiz.de/10008838542
anger, ‘social’ emotions like shame and guilt need to be present for punishment to be an effective deterrent of …
Persistent link: https://www.econbiz.de/10005137115