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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions

Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016

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/10011489403

Optimal and fair prizing in sequential round-robin tournaments : experimental evidence

Lauber, Arne; March, Christoph; Sahm, Marco - 2022

We report results from the ﬁrst experimental study of round-robin tournaments. In our experiment, we investigate how the prize structure aﬀects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three players. We compare tournaments with a second prize...

Persistent link: https://www.econbiz.de/10013167956

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021

Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...

Persistent link: https://www.econbiz.de/10012668312

Spite vs. risk : explaining overbidding

Kirchkamp, Oliver; Mill, Wladislaw - 2019

In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and spite can be used to rationalize deviations from risk...

Persistent link: https://www.econbiz.de/10012002983

Can there be a market for cheap-talk information? : an experimental investigation

Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 2018

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor … quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given … the previous experimental results on cheap-talk games. Our subjects provide low-quality information even when doing so …

Persistent link: https://www.econbiz.de/10011822038

Buy-It-Now" or "Sell-It-Now" auctions : effects of changing bargaining power in sequential trading mechanisms

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2015

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/10011406561

The intricacy of adapting to climate change : flood protection as a local public goods game

Bondarev, Anton; Hintermann, Beat; Krysiak, Frank C.; … - 2017

We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...

Persistent link: https://www.econbiz.de/10011616351

An externality-robust auction : theory and experimental evidence

Bartling, Björn; Netzer, Nick - 2014 - This version: April 2014, First version: November 2013

(ERA) is a first-price auction in which truthful bidding is encouraged by bonus payments. We test the robustness property …

Persistent link: https://www.econbiz.de/10010347030

Signaling ideology through consumption

Schneider, Florian - 2022

Firms often discourage certain categories of individuals from buying their products, seemingly at odds with typical assumptions about profit maximization. This paper provides a potential rationale for such firm behavior: Consumers seek to signal that they have "desirable" ideological values to...

Persistent link: https://www.econbiz.de/10013285514

Welfare stigma in the lab : evidence of social signaling

Friedrichsen, Jana; König, Tobias; Schmacker, Renke - 2017

Using a laboratory experiment, we present first evidence that stigmatization through public exposure causally reduces the take-up of an individually beneficial transfer. Our design exogenously varies the informativeness of the take-up decision by varying whether transfer eligibility is based on...

Persistent link: https://www.econbiz.de/10011663605