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Can a bonus overcome moral hazard? : experimental evidence from markets for expert services

Angelova, Vera; Regner, Tobias - 2018

Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...

Persistent link: https://www.econbiz.de/10011881706

Do reciprocators exploit or resist moral wiggle room? : an experimental analysis

Matthey, Astrid; Regner, Tobias - 2015

experiment, a trust game variant, we study whether moral wiggle room also prevails, when reciprocity is a potential motivation … reciprocity. Among our subjects, 40% of the reciprocators exploited moral wiggle room. …

Persistent link: https://www.econbiz.de/10011446176

Reciprocity under moral wiggle room : is it a preference or a constraint?

Regner, Tobias - 2016

) is added in order to introduce reciprocity. We find significantly higher rates of selfish choices in our treatments that …

Persistent link: https://www.econbiz.de/10011576929

Other-regarding behaviour : testing guilt- and reciprocity-based models

Regner, Tobias; Harth, Nicole S. - 2010

and reciprocity). In addition to incentivised elicitation of first- and second-order action beliefs, we assess … intentions-based models. Both second-order beliefs and the weighting factor that depends on a participant's sensitivity to guilt/reciprocity … returned. -- social preferences ; other-regarding behaviour ; experiments ; trust game ; guilt aversion ; beliefs …

Persistent link: https://www.econbiz.de/10008689019

Moral emotions and partnership

Bracht, Juergen; Regner, Tobias - 2011

-regarding behaviour ; experiments ; psychological game theory ; guilt aversion ; shame ; beliefs ; emotions ; partnership …

Persistent link: https://www.econbiz.de/10009230371

Collusion and bargaining in asymmetric Cournot duopoly : an experiment

Fischer, Christian; Normann, Hans-Theo - 2018

In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The maximization of joint profits is implausible, players disagree on the collusive action, and the outcome is often inefficient. For the example of a Cournot duopoly with asymmetric...

Persistent link: https://www.econbiz.de/10011929323

Collusion and bargaining in asymmetric Cournot duopoly : an experiment

Fischer, Christian; Normann, Hans-Theo - 2018

Persistent link: https://www.econbiz.de/10011802796

Output commitment through product bundling : experimental evidence

Hinloopen, Jeroen; Müller, Wieland; Normann, Hans-Theo - 2013

We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always bundles, (ii) never bundles, and (iii) chooses whether...

Persistent link: https://www.econbiz.de/10010204789

Communication in vertical markets : experimental evidence

Möllers, Claudia; Normann, Hans-Theo; Snyder, … - 2016

When an upstream monopolist supplies several competing downstreamfirms, it may fail to monopolize the market because it is unable to commit not to behave opportunistically. We build on previous experimental studies of this well-known commitment problem by introducing communication. Allowing the...

Persistent link: https://www.econbiz.de/10011518962

Endogenous cartel formation : experimental evidence

Fonseca, Miguel A.; Normann, Hans-Theo - 2014

In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they may get fined by a cartel authority. We find that four-firm industries form cartels more often than duopolies because they gain less from a hysteresis effect after cartel...

Persistent link: https://www.econbiz.de/10010401724