Showing 1 - 10 of 116
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade … at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price … effects of bargaining power on aggregate outcomes. There is, however, substantial heterogeneity within sellers. Sellers who …
Persistent link: https://www.econbiz.de/10013000430
favorable tie-breaking rules can reduce the discouragement effect and increase the designer's revenue. We test these predictions …
Persistent link: https://www.econbiz.de/10012986649
knowledge. To assess the effect of information asymmetries on prosocial behavior, we conduct a laboratory experiment with a … a recipient. We observe subjects with heterogenous social preferences. While under symmetric information only … individuals with the same type of preferences transfer, under asymmetric information different types transfer at the same time. As …
Persistent link: https://www.econbiz.de/10013315610
We study equilibrium reporting behavior in Fischbacher and Föllmi-Heusi (2013)-type cheating games when agents have a fixed cost of lying and image concerns not to be perceived as a liar. We show that equilibria naturally arise in which agents with low costs of lying randomize among a set of...
Persistent link: https://www.econbiz.de/10012902152
coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … relative contributions of involved agents are blurred; either by lack of information about the actual performance of … bargaining process from opening offers to (dis)agreements and find that uncertainties in surplus production and (even) a very …
Persistent link: https://www.econbiz.de/10013139800
likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over … their contribution costs. We test the model in a laboratory experiment paying particular attention to how behavioral …
Persistent link: https://www.econbiz.de/10013051610
's information is certifiable. The first equilibrium characterization is provided for unilateral persuasion games, and the second for … his equilibrium payoff compared to all equilibria of the unilateral persuasion game by delaying information certification …
Persistent link: https://www.econbiz.de/10012778541
We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our...
Persistent link: https://www.econbiz.de/10012979585
We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, allowing a … truthful revelation of information and subsequent payoffs from the game. We find that the players are overall truthful about …-talk equilibrium in the two-way cheap talk game is played when they players fully reveal their information; however, they achieve …
Persistent link: https://www.econbiz.de/10012928248
We study political competition in an environment in which voters have private information about their preferences. Our …
Persistent link: https://www.econbiz.de/10013315596