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Fairness versus Efficiency - An Experimental Study of (Mutual) Gift Giving

Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

Fairness is a strong concern as shown by dictator and ultimatum experiments. Efficiency, measured by the sum of … fain by gift giving. Our results indicate that efficiency concerns are dominated by fairness concerns that are less …

Persistent link: https://www.econbiz.de/10005867006

Leadership in a public goods experiment with permanent and temporary members

Angelova, Vera; Güth, Werner; Kocher, Martin - 2019

We experimentally analyze leading by example in a public goods game with two permanent and two temporary group members. Our results show that leadership when permanent and temporary members interact leads to lower contributions than interaction without leadership.

Persistent link: https://www.econbiz.de/10012290333

Bidding behavior in asymmetric auctions: An experimental study

Güth, Werner; Ivanova-Stenzel, Radosveta; Wolfstetter, … - 2001

We review an asymmetric auction experiment. Based on Plum (1992) private valuations of the two bidders are independently drawn from distinct but commonly known distributions, one of which stochastically dominating the other. We test the qualitative properties of that model of asymmetric...

Persistent link: https://www.econbiz.de/10010310347

Bargaining Outside the Lab –A Newspaper Experiment of a Three-Person Ultimatum Game

Güth, Werner; Schmidt, Carsten; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2005

In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three-person bargaining game. In our data analysis we focus on (1) the influence of age, gender, profession and the medium chosen for participation on bargaining behavior and on (2) the external...

Persistent link: https://www.econbiz.de/10005867078

Trading Goods versus Sharing Money- An Experiment Testing Whether Fairness and Efficiencyare Frame Dependent

Berninghaus, Siegfried K.; Güth, Werner; Kirstein, Annette - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003

Systematic experiments with distribution games (for a survey, see Roth, 1995, ) haveshown that participants are … strongly motivated by fairness and efficiency considerations.This evidence, however, results mainly from experimental designs … fairness are less influential. We investigate and confirm this frame dependencymore systematically by comparing net …

Persistent link: https://www.econbiz.de/10005866809

Employment duration and resistance to wage reductions: Experimental evidence

Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - 1998

One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...

Persistent link: https://www.econbiz.de/10010309895

Auctions and fair division games under different price rules: Individual bid functions, prices and efficiency rates

Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999

In auctions an outside seIler offers a commodity for sale and collects the revenue w hich is achieved. In fair division games the object is owned by the group of bidders. Consequently the auction's revenue is equally distributed among all bidders. In our experiment participants face four auction...

Persistent link: https://www.econbiz.de/10010309999

Learning to bid: An experimental study of bid function adjustments in auctions and fair division games

Güth, Werner; Ivanova, Radosveta; Königstein, Manfred; … - 1999

We examine learning behavior in auctions and Fair division games with independent private values under two different price rules, first and second price. Participants face these four games repeatedly and submit complete bid functions rather than single bids. This allows us to examine whether...

Persistent link: https://www.econbiz.de/10010310061

Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria

Güth, Werner; Kocher, Martin; Sutter, Matthias - 2001

We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players.

Persistent link: https://www.econbiz.de/10010310366

Social Learning of Efficiency Enhancing TradeWith(out) Market Entry Costs - An ExperimentalStudy

Chlaß, Nadine; Güth, Werner; Vanberg, Christoph - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

We investigate experimentally whether entry costs have an impact on the evolutionof cooperation in a social dilemma game. In particular, subjects repeatedly playthe so-called takeover game with anonymous partners randomly drawn from a fixedpopulation of participants. The game represents a social...

Persistent link: https://www.econbiz.de/10005866640