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The investment game with asymmetric information

Coricelli, Giorgi; Morales, Luis Gonzalez; Mahlstedt, Amelie - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We analyze the effects of introducing asymmetric information andexpectations in the investment game (Berg et al., 1995). In our experiment,only the trustee knows the size of the surplus. Subjects’expectations about each other’s behavior are also elicited. Our resultsshow that average payback...

Persistent link: https://www.econbiz.de/10005866876

Age and the development of trust and reciprocity

Sutter, Matthias; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … age groups, ranging from 8 year old primary school children to retired persons in their late sixties. Although both trust … research has devoted surprisingly little attention to their development with age. Our results provide clear evidence that trust …

Persistent link: https://www.econbiz.de/10005866861

Trust in cooperation or ability? - An experimental study on gender differences

Schwieren, Christiane; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

We examine experimentally two different types of trust: trust in another party's cooperation and trust in ability. In …

Persistent link: https://www.econbiz.de/10005866903

Are we nice(r) to nice(r) people? An Experimental Analysis

Albert, Max; Güth, Werner; Kirchler, Erich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

by allowing participants to condition their choices in an asymmetric prisoner's dilemma and a trust game (i) on their …

Persistent link: https://www.econbiz.de/10005867074

Wages, Length of Relationship and Bargaining Power:An experimental study in a world of complete contracts

Dittrich, Dennis A. V. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

To explain potential sources of wage rigidity this article analyzes a model of reciprocalkindness applied to a repeated ultimatum game with changing and nonzeroconflict payoffs. The model is also tested in a laboratory experiment. The resultsare compatible with the rentsharingapproach to wage...

Persistent link: https://www.econbiz.de/10005866814

Firm Specific Investments Based on Trust and Hiring Competition:A Theoretical and Experimental Study of Firm Loyalty

Berninghaus, Siegfried K.; Gonzalez, Luis G.; Greiner, Ben - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

Two firms, each consisting of a team with the owner and just oneemployee, compete on the labor market with free labor mobility. Afterobserving the investment decisions by firm owners their employees canengage in costly training, thus increasing their general and firm-specificproductivity, which...

Persistent link: https://www.econbiz.de/10005866874

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

Dittrich, Dennis A. V.; Kocher, Martin G. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We present an experimental test of a shirking model where monitoring intensityis endogenous and effort a continuous variable. Wage level, monitoring intensityand consequently the desired enforceable effort level are jointly determined bythe maximization problem of the firm. As a result,...

Persistent link: https://www.econbiz.de/10005866658

On the nature of fair behavior and its development with age

Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

Economic decisions have been shown to depend on actual outcomes as well as perceived intentions. In this paper, we examine wether and how the relative importance of outcomes or intentions for economic decision develops with age. We report the resullt of ultimatum games with children, teens and...

Persistent link: https://www.econbiz.de/10005866901

Ex Interim Voting in Public Good Provision

Fischer, Sven; Nicklisch, Andreas - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

We report the results of an experimental study that compares voting mechanismsin the provision of public goods. Subjects can freely decide how much they want tocontribute. Whether the public good is finally provided is decided by a referendumunder full information about all contributions. If...

Persistent link: https://www.econbiz.de/10005866711

Individual or team decision-making –Causes and consequences of self-selection

Kocher, Martin; Strauß, Sabine; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004

Even though decision-making in small teams is pervasive in business and in private life, littleis known about subjects’ preferences with respect to individual and team decision-making andabout the consequences of respecting these preferences. We report the results from anexperimental...

Persistent link: https://www.econbiz.de/10005866770