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Spin doctors: An experiment on vague disclosure
Deversi, Marvin; Ispano, Alessandro; Schwardmann, Peter - 2022
Unfavorable news are often delivered under the disguise of vagueness. Our theory-driven laboratory experiment investigates this strategic use of vagueness in voluntary disclosure and asks whether there is scope for policy to improve information transmission. We find that vagueness is profitably...
Persistent link: https://www.econbiz.de/10013197544
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Do legal standards affect ethical concerns of consumers?
Danz, David; Engelmann, Dirk; Kübler, Dorothea - 2020
To address the impact of regulation on ethical concerns of consumers, we study the example of minimum wages. In our experimental market, consumers have monopsony power, firms set prices and wages, and workers are passive recipients of a wage payment. We find that the majority of consumers...
Persistent link: https://www.econbiz.de/10012290365
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The Blues Goes On But When Does It Stop?- Public Goods Experiments with Non-Denite andNon-Commonly Known Time Horizons
Gonzalez, Luis G.; Güth, Werner; Levati, M. Vittoria - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
A robust nding of repeated public goods experiments is that high initialcontribution rates sharply decline towards the end. This paper reports onan exploratory experiment designed to discover whether such a decline is simply triggered by the usual experimental practice of publicly informing...
Persistent link: https://www.econbiz.de/10005866812
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Crowding out and imitation behavior in the solidarity game
Vogel, Claudia; Heimel, Jana; Bolle, Friedel - 2004
In the Solidarity Game (Selten and Ockenfels, 1998), two "rich" persons can support a "poor" one. A strong positive correlation between one rich person's solidarity contribution and his expected contribution of the other is observed. This paper investigates the causality behind this correlation....
Persistent link: https://www.econbiz.de/10010297227
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Communication, timing, and common learning
Steiner, Jakub; Stewart, Colin - 2010
We study the effect of stochastically delayed communication on common knowledge acquisition (common learning). If … messages do not report dispatch times, communication prevents common learning under general conditions even if common knowledge … is acquired without communication. If messages report dispatch times, communication can destroy common learning under …
Persistent link: https://www.econbiz.de/10010282915
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The price of advice
Eső, Péter; Szentes, Balázs - 2004
We develop a model of consulting (advising) where the role of the consultant is that she can reveal signals to her client which refine the client’s original private estimate of the profitability of a project. Importantly, only the client can observe or evaluate these signals, the consultant...
Persistent link: https://www.econbiz.de/10010273821
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On the Absorbability of the Guessing Game Theory -A Theoretical and Experimental Analysis
Morone, Andrea; Sandri, Serena; Uske, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006
Theory absorption, a notion introduced by Morgenstern and Schwödiauer (1972)and further elaborated by Güth and Kliemt (2004), discusses the problem whether atheory can survive its own acceptance. Whereas this holds for strategic equilibria accordingto the assumptions on which they are based,...
Persistent link: https://www.econbiz.de/10005866646
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Rebate Rules in Reward-Based Crowdfunding: Introducing the Bid-Cap Rule
Gerstmeier, Fabian; Oezcelik, Yigit; Tolksdorf, Michel - 2023
We study the efficacy of rebate rules in reward-based crowdfunding, where a project is only realized when a funding goal is met, and only those who pledge at least a reservation price receive a reward from the project. We propose and experimentally test two rebate rules against the customary...
Persistent link: https://www.econbiz.de/10014467759
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Are Women Less Effective Leaders than Men? Evidence from Experiments Using Coordination Games
Heursen, Lea; Ranehill, Eva; Weber, Roberto - 2023
at coordinating followers' actions. Two experiments using coordination games investigate whether female leaders are less … successful than males in persuading followers to coordinate on efficient equilibria. In these settings, successful coordination …
Persistent link: https://www.econbiz.de/10014467850
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Cournot Meets Bayes-Nash: A Discontinuity in Behavior in Finitely Repeated Duopoly Games
Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...
Persistent link: https://www.econbiz.de/10014467868