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Bergemann, Dirk; Välimäki, Juuso - C.E.P.R. Discussion Papers - 2006

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … order beliefs becomes a natural desideratum. We discuss recent approaches to robust mechanism design and robust …

Persistent link: https://www.econbiz.de/10005123850

Preferences for Consistency

Falk, Armin; Zimmermann, Florian - C.E.P.R. Discussion Papers - 2011

strength. We then present three experiments that study main predictions and implications of the model. The first is a simple …

Persistent link: https://www.econbiz.de/10009293989

Bornhorst, Fabian; Ichino, Andrea; Kirchkamp, Oliver; … - C.E.P.R. Discussion Papers - 2010

We run an experiment in which students of different European nationalities are matched in groups of five and repeatedly choose with whom within their group they want to play a trust game. Participants observe of each other age, gender, nationality and number of siblings. The region of origin,...

Persistent link: https://www.econbiz.de/10008468504

Competitive equilibrium in Markets for Votes

Casella, Alessandra; Llorente-Saguer, Aniol; Palfrey, … - C.E.P.R. Discussion Papers - 2010

We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy and sell their votes with each other. We define the concept of Ex Ante Vote-Trading Equilibrium, identify weak sufficient conditions for existence, and construct one such...

Persistent link: https://www.econbiz.de/10008534095

Appropriating the Commons - A Theoretical Explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …

Persistent link: https://www.econbiz.de/10005123667

Trust and Trustworthiness Among Europeans: South-North Comparison

Bornhorst, Fabian; Ichino, Andrea; Schlag, Karl; … - C.E.P.R. Discussion Papers - 2004

This Paper discovers significant differences between southern and northern Europeans in a dynamic version of the ‘trust game’ played by Ph.D. students from different nationalities at the European University Institute. Our version of the trust game allows subjects to choose the receivers to...

Persistent link: https://www.econbiz.de/10005067472

Using Randomization in Development Economics Research: A Toolkit

Duflo, Esther; Glennerster, Rachel; Kremer, Michael - C.E.P.R. Discussion Papers - 2007

randomization as part of a research design in the field. It first covers the rationale for the use of randomization, as a solution …

Persistent link: https://www.econbiz.de/10005504356

Minorities and Storable Votes

Casella, Alessandra; Palfrey, Thomas R; Riezman, Raymond - C.E.P.R. Discussion Papers - 2005

confirmed by a series of experiments: the frequency of minority victories, the relative payoff of the minority versus the …

Persistent link: https://www.econbiz.de/10005656276

Cardiovascular Consequences of Unfair Pay

Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...

Persistent link: https://www.econbiz.de/10009144731

Fairness and Incentives in a Multi-Task Principle-Agent Model

Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2004

This Paper reports on a two-task principal-agent experiment in which only one task is contractible. The principal can either offer a piece-rate contract or a (voluntary) bonus to the agent. Bonus contracts strongly outperform piece rate contracts. Many principals reward high efforts on both...

Persistent link: https://www.econbiz.de/10005114195