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Broll, Udo; Welzel, Peter; Wong, Kit Pong - Wirtschaftswissenschaftliche Fakultät, … - 1999

For a Cournot duopoly with a foreign firm exporting to the home firm's market hedging against unfavorable shifts in the … stochastic spot exchange rate is analyzed. In a two-stage setting with product market and hedging decisions we show that hedging … can be used as a strategic device. Under constant and decreasing absolute risk aversion an increase in hedging volume by …

Persistent link: https://www.econbiz.de/10005786093

Sense of Control Affects Investment Behavior

King, Li King - Wirtschaftswissenschaftliche Fakultät, … - 2010

Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of money in a risky asset when face with two different methods of control which have identical payoff structure and probability distribution, but provide different sense of control....

Persistent link: https://www.econbiz.de/10008497739

Concession Bargaining - An Experimental Comparison of Protocols and Time Horizons

Alberti, Federica; Fischer, Sven; Güth, Werner; … - Wirtschaftswissenschaftliche Fakultät, … - 2013

Concessions try to avoid conflict in bargaining and can finally lead to an agreement. Although they usually are seen as unfolding in time, concessions can also be studied in normal form or by conditioning only on failure of earlier agreement attempts. We experimentally compare three protocols of...

Persistent link: https://www.econbiz.de/10010884456

Tit for Others' Tat Repeated Prisoner's Dilemma Experiments with Third-Party Monitoring and Indirect Punishment

Bruttel, Lisa; Güth, Werner - Wirtschaftswissenschaftliche Fakultät, … - 2013

Two pairs of two participants each interact repeatedly in two structurally independent but informationally linked Prisoner's Dilemma games. Neither pair receives feedback about past choices by their own partner but is fully informed about the choices by the other pair. Considering this as a...

Persistent link: https://www.econbiz.de/10010884463

Alternating or compensating? An experimentrepeated sequential best shot game

Bruttel, Lisa; Güth, Werner - Wirtschaftswissenschaftliche Fakultät, … - 2013

In the two-person sequential best shot game, first player 1 contributes to a public good and then player 2 is informed about this choice before contributing. The payoff from the public good is the same for both players and depends only on the maximal contribution. Efficient voluntary cooperation...

Persistent link: https://www.econbiz.de/10010884471

Provision of Multilevel Public Goods through Positive Externalities: Experimental Evidence

Güth, Werner; Sääksvuori, Lauri - Wirtschaftswissenschaftliche Fakultät, … - 2012

The provision of public goods regularly embodies interrelated spheres of influence on multiple scales. This article examines the nature of human behavior in a multilevel social dilemma game with positive provision externalities to local and global scales. We report experimental results showing...

Persistent link: https://www.econbiz.de/10010884475

Strategic Communication: An Experimental Investigation

Eckartz, Katharina; Ehses-Friedrich, Christiane - Wirtschaftswissenschaftliche Fakultät, … - 2014

's knowledge public knowledge. The experiment replicates the results of earlier experimental studies (Dickhaut et al., 1995, Cai …

Persistent link: https://www.econbiz.de/10010884477

Choosing whether to compete: Price and format competition with consumer confusion

Crosetto, Paolo; Gaudeul, Alexia - Wirtschaftswissenschaftliche Fakultät, … - 2014

We run a market experiment where firms can choose not only their price but also whether to present comparable offers …

Persistent link: https://www.econbiz.de/10010942823

Relative Performance of Liability Rules: Experimental Evidence

Angelova, Vera; Attanasi, Giuseppe; Hiriart, Yolande - Wirtschaftswissenschaftliche Fakultät, … - 2012

the firm's behavior. An experiment tests the theoretical predictions. In line with theory, Strict Liability and Negligence …

Persistent link: https://www.econbiz.de/10010539769

Community Projects: An Experimental Analysis of a Fair Implementation Process

Cicognani, Simona; D'Ambrosio, Aanna; Güth, Werner; … - Wirtschaftswissenschaftliche Fakultät, … - 2012

We define and experimentally test a public provision mechanism that meets three basic ethical requirements and allows community members to influence, via monetary bids, which of several projects is implemented. For each project, participants are assigned personal values, which can be positive or...

Persistent link: https://www.econbiz.de/10010540349