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Emotions and Economic Shocks in a First-Price Auction

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

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

Persistent link: https://www.econbiz.de/10011255774

Taking Punishment into Your Own Hands: An Experiment

Duersch, Peter; Müller, Julia - Tinbergen Instituut - 2013

In a punishment experiment, we separate the demand for punishment in general from the demand to conduct punishment …, afterwards, subjects take part in a second price auction for the right to (physically) carry out the act of payoff reduction …

Persistent link: https://www.econbiz.de/10011257296

Bidding to give in the Field: Door-to-Door Fundraisers had it right from the Start

Onderstal, Sander; Schram, Arthur J.C.; Soetevent, … - Tinbergen Instituut - 2011

-85.<P> 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 …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the …

Persistent link: https://www.econbiz.de/10011255620

Inverse Adverse Selection: The Market for Gems

Dari-Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - Tinbergen Instituut - 2011

This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...

Persistent link: https://www.econbiz.de/10011256127

Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk

Hu, Audrey; Zou, Liang - Tinbergen Instituut - 2008

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

Persistent link: https://www.econbiz.de/10011256873

Internet Retailing as a Marketing Strategy

Janssen, Maarten C.W.; Noll, Rob van der - Tinbergen Instituut - 2005

We analyze the incentives for incumbent bricks-and-mortar firms and newentrants to start an online retail channel in a differentiated goods market. Tothis end we set up a two-stage model where firms first decide whether or notto build the infrastructure necessary to start an online retail...

Persistent link: https://www.econbiz.de/10011256443

Electronic Commerce and Retail Channel Substitution

Janssen, Maarten C.W.; Noll, Rob van der - Tinbergen Instituut - 2002

We analyze a market where firms compete in a conventional and an electronicretail channel. Consumers easily compare prices online, but some incur purchaseuncertainties on the online channel. We investigate the market shares of the two retailchannels and the prices that are charged. We find that...

Persistent link: https://www.econbiz.de/10011256808

Does the Wage Tax System cause Budget Deficits?

Riedl, Arno; Winden, Frans A.A.M. van - Tinbergen Instituut - 2000

This discussion paper led to a publication in <A href="http://www.springerlink.com/content/n3w45lxj307m883m/">'Public Choice'</A> 109(3-4) 371-94.<P>In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the development of the budget deficit, unemployment, and some other indicators of economic performance...</p></a>

Persistent link: https://www.econbiz.de/10011255463

Monitoring and Pay: An Experiment on Employee Performance under Endogenous Supervision

Dittrich, Dennis; Kocher, Martin G. - Tinbergen Instituut - 2006

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/10011255473

The Behavioral Impact of Emotions in a Power to take Game: An Experimental Study

Bosman, Ronald; Winden, Frans A.A.M. van - Tinbergen Instituut - 1999

-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income …-69, as: 'Emotional Hazard in a Power-to-Take Experiment'. …

Persistent link: https://www.econbiz.de/10011255559