Showing 1 - 10 of 27
We conduct a field experiment among 189 stores of a retail chain to study dynamic incentive effects of relative …
Persistent link: https://www.econbiz.de/10008838559
-order contests with complete information, in which each player's strategy generates direct or indirect affine "spillover" effects … important economic environments, as well as in classic contests adapted to recent experimental and behavioral models where …, tournaments, R&D races, models of ligitation, and a host of other contests. …
Persistent link: https://www.econbiz.de/10004964456
This paper develops one possible argument why auctioning licenses to op- erate in an aftermarket may lead to higher prices in the aftermarket compared to a more random allocation mechanism. Key ingredients in the argument are differences in firms' risk attitudes and the fact that future market...
Persistent link: https://www.econbiz.de/10005137048
We combine a survey and an experiment with real pay-out among Peking University students to measure and validate … individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions …
Persistent link: https://www.econbiz.de/10008838614
This paper investigates strategic interactions between a private highway operator and a private transit operator who uses the same highway for its services. Heterogeneity of travellers is taken into account by considering a continuous distribution of values of time. Demand elasticity arises from...
Persistent link: https://www.econbiz.de/10005137164
This contribution deals with the fundamental critique in Dinar et al. (1992, Theory and Decision 32) on the use of Game theory in water management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions impose a computational burden. For the bilateral...
Persistent link: https://www.econbiz.de/10005137218
In this paper the well-known minimax theorems of Wald, Ville and Von Neumann are generalized under weaker topological conditions on the payoff function <i>f</i> and/or extended to the larger set of the Borel probability measures instead of the set of mixed strategies.
Persistent link: https://www.econbiz.de/10005450809
verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …
Persistent link: https://www.econbiz.de/10005209452
-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 …
Persistent link: https://www.econbiz.de/10005144438
maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …
Persistent link: https://www.econbiz.de/10005144512