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Dual sourcing with price discovery
Alcalde, José; Dahm, Matthias - 2016
Reverse auctions are considered a fast and inexpensive price discovery tool to award procurement contracts and it is … often desirable to award contracts to more than one supplier. We propose a new procurement procedure that is based on a … enough, the procedure not only allows taking advantage of dual sourcing but also generates lower procurement expenditures …
Persistent link: https://www.econbiz.de/10011448760
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Promoting cooperation : the distribution of reward and punishment power
Nosenzo, Daniele; Sefton, Martin - 2012
Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups and societies, however, concentrate the power...
Persistent link: https://www.econbiz.de/10009578208
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The value of vulnerability : the transformative capacity of risky trust
Bruni, Luigino; Tufano, Fabio - 2015
The "grammar of trust" is one the most explored loci in game theory and behavioural economics. However, still much needs to be understood about the nature of trust in non-enforceable, personalised interactions, in markets and within organizations. This experimental study aims at contributing to...
Persistent link: https://www.econbiz.de/10011391585
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Endogenous information disclosure in experimental oligopolies
Kopányi, Dávid; Kopányi-Peuker, Anita - 2015
conduct a laboratory experiment where firms decide only about their production levels first, and the information they receive …
Persistent link: https://www.econbiz.de/10010530643
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Majoritarian contests with asymmetric battlefields : an experiment
Montero, María; Possajennikov, Alexandre; Sefton, Martin; … - 2013
choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10010224988
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Entry or exit? : the effect of voluntary participation on cooperation
Nosenzo, Daniele; Tufano, Fabio - 2015
the effectiveness of these mechanisms in a one-shot public goods experiment. Voluntary participation has a positive effect …
Persistent link: https://www.econbiz.de/10011434271
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How do risk attitudes affect measured confidence?
Murad, Zahra; Sefton, Martin; Starmer, Chris - 2015
We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former...
Persistent link: https://www.econbiz.de/10011434351
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Information-sensitive Leviathans
Nicklisch, Andreas; Grechenig, Kristoffel; Thoeni, Christian - 2016
We study information conditions under which individuals are willing to delegate their sanctioning power to a central authority. We design a public goods game in which players can move between institutional environments, and we vary the observability of others' contributions. We find that the...
Persistent link: https://www.econbiz.de/10011536714
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Entry or exit? : the effect of voluntary participation on cooperation
Nosenzo, Daniele; Tufano, Fabio - 2015
examine the relative effectiveness of these two mechanisms in a one-shot, two-person public goods game experiment. We find …
Persistent link: https://www.econbiz.de/10010504597
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Efficiency versus equality in bargaining
Galeotti, Fabio; Montero, María; Poulsen, Anders - 2015
We report experimental data from bargaining situations where bargainers can make proposals as often and whenever they want, and can communicate via written messages. We vary the set of feasible contracts, thereby allowing us to assess the focality of three properties of bargaining outcomes:...
Persistent link: https://www.econbiz.de/10011384455