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Charity Auctions for the Happy Few
Bos, Olivier - 2008
different distributions. Furthermore, we also analyze second-price all-pay auction. Finally, we show that individual minimum … bids could improve the relative revenue performance of first-price all-pay compared to first-price winner-pay auction …
Persistent link: https://www.econbiz.de/10012770254
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Charity Auctions for the Happy Few
Bos, Olivier - CESifo - 2008
different distributions. Furthermore, we also analyze second-price all-pay auction. Finally, we show that individual minimum … bids could improve the relative revenue performance of first-price all-pay compared to first-price winner-pay auction. …
Persistent link: https://www.econbiz.de/10005181374
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Do Markets Erode Social Responsibility?
Bartling, Björn; Weber, Roberto A. - CESifo - 2013
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs entirely mitigates the externality. Our data...
Persistent link: https://www.econbiz.de/10010718529
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Do Markets Erode Social Responsibility
Bartling, Björn - 2013
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs entirely mitigates the externality. Our data...
Persistent link: https://www.econbiz.de/10013072095
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How Social Reputation Networks Interact with Competition in Anonymous Online Trading : An Experimental Study
Bolton, Gary E. - 2014
Many Internet markets rely on quot;feedback systemsquot;, essentially social networks of reputation, to facilitate trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb the effectiveness of these systems. We investigate how...
Persistent link: https://www.econbiz.de/10012751561
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Can Competition Spoil Reciprocity? - A Laboratory Experiment
Bauernschuster, Stefan; Falck, Oliver; Grosse, Niels - 2021
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting subjects play coordination games with clear focal...
Persistent link: https://www.econbiz.de/10013316267
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An Externality-Robust Auction : Theory and Experimental Evidence
Bartling, Björn - 2014
externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another …An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected …. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are …
Persistent link: https://www.econbiz.de/10013054012
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Where to Look for the Morals in Markets?
Sutter, Matthias - 2016
externalities are an indicator of declining morals. Here we examine the relation between trading volume, prices and moral behavior … by presenting an experimental study where we let buyers and sellers interact on a double auction market. In one set of …
Persistent link: https://www.econbiz.de/10012984504
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How Social Reputation Networks Interact with Competition in Anonymous Online Trading: An Experimental Study
Bolton, Gary E.; Loebbecke, Claudia; Ockenfels, Axel - CESifo - 2008
Many Internet markets rely on ‘feedback systems’, essentially social networks of reputation, to facilitate trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb the effectiveness of these systems. We investigate how...
Persistent link: https://www.econbiz.de/10005766257
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Can Competition Spoil Reciprocity? - A Laboratory Experiment
Bauernschuster, Stefan; Falck, Oliver; Große, Niels - CESifo - 2010
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting subjects play coordination games with clear focal...
Persistent link: https://www.econbiz.de/10008572470