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Emotions and Economic Shocks in a First-Price Auction

Bosman, Ronald; Riedl, Arno - Tinbergen Institute - 2003

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 …

Persistent link: https://www.econbiz.de/10005137109

Simple and Complex Gift Exchange in the Laboratory

Heijden, Eline C.M. van der; Nelissen, Jan H.M.; … - Tinbergen Institute - 2001

We examine an experimental gift exchange game in which the players can improve upon the unique no-gifts equilibrium through cooperative gift giving. The main feature of the study is that there are two different types of gift exchange, which we call simple and complex exchange, respectively....

Persistent link: https://www.econbiz.de/10005209458

An Experimental Investigation of Wage Taxation and Unemployment in Closed and Open Economies

Riedl, Arno; Winden, Frans van - Tinbergen Institute

We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...

Persistent link: https://www.econbiz.de/10005209471

Performance Measurement, Expectancy and Agency Theory: An Experimental Study

Sloof, Randolph; Praag, Mirjam van - Tinbergen Institute - 2007

for noisier performance measures. We conduct a real effort laboratory experiment and find that effort levels are invariant …

Persistent link: https://www.econbiz.de/10005209530

The Interaction between Explicit and Relational Incentives: An Experiment

Sloof, Randolph; Sonnemans, Joep - Tinbergen Institute - 2009

We consider repeated trust game experiments to study the interplay between explicit and relational incentives. After …

Persistent link: https://www.econbiz.de/10005016258

On the Importance of Default Breach Remedies

Sloof, Randolph; Oosterbeek, Hessel; Sonnemans, Joep - Tinbergen Institute - 2006

contract terms. This paper presents results from an experiment designed to address the importance of default breach remedies …

Persistent link: https://www.econbiz.de/10005144419

Cooperation in an Overlapping Generations Experiment

Offerman, Theo; Potters, Jan; Verbon, Harry A.A. - Tinbergen Institute - 1999

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

The Effect of Noise in a Performance Measure on Work Motivation

Sloof, Randolph; Praag, C. Mirjam van - Tinbergen Institute - 2008

This paper reports the results of an individual real effort laboratory experiment where subjects are paid for measured …

Persistent link: https://www.econbiz.de/10005144498

Employee Types and Endogenous Organizational Design

Cunyat, Antoni; Sloof, Randolph - Tinbergen Institute - 2008

and monitoring. This paper reports the results from a laboratory experiment designed to test whether organizations make <I …

Persistent link: https://www.econbiz.de/10005144530

Tax Liability Side Equivalence in Gift-Exchange Labor Markets

Riedl, Arno; Tyran, Jean-Robert - Tinbergen Institute - 2003

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