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Age Effects and Heuristics in Decision Making

Besedes, Tibor; Deck, Cary; Sarangi, Sudipta; Shor, Mikhael - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

Using controlled experiments, we examine how individuals make choices when faced with multiple options. Choice tasks …

Persistent link: https://www.econbiz.de/10008611292

Indenture as a Self-Enforced Contract Device: An Experimental Test

Kritikos, Alexander S.; Tan, Jonathan H. W. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the principal signals the intention of payment-on-delivery, by tearing a banknote and giving the agent half of it as "prepayment"; the agent receives the completing half after delivering...

Persistent link: https://www.econbiz.de/10005069044

Social Relationships and Trust

Binzel, Christine; Fehr, Dietmar - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

While social relationships play an important role for individuals to cope with missing market institutions, they also limit individuals' range of trading partners. This paper aims at understanding the determinants of trust at various social distances when information asymmetries are present....

Persistent link: https://www.econbiz.de/10008498394

Quality Distortions in Vertical Relations

Baake, Pio; Schlippenbach, Vanessa von - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

This paper examines how delivery tariffs and private quality standards are determined in vertical relations that are subject to asymmetric information. We consider an infinitely repeated game where an upstream firm sells a product to a downstream firm. In each period, the firms negotiate a...

Persistent link: https://www.econbiz.de/10008474601

Informational Opacity and Honest Certification

Pollrich, Martin; Wagner, Lilo - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

This paper studies the interaction of information disclosure and reputational concerns in certification markets. We argue that by revealing less precise information a certifier reduces the threat of capture. Opaque disclosure rules may reduce profits but also constrain feasible bribes. For large...

Persistent link: https://www.econbiz.de/10010896178

The Returns to Cognitive Abilities and Personality Traits in Germany

Heineck, Guido; Anger, Silke - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

set of measures of personality traits, namely locus of control, reciprocity and all basic items from the Five Factor …

Persistent link: https://www.econbiz.de/10004963791

Trust, Positive Reciprocity, and Negative Reciprocity: Do These Traits Impact Entrepreneurial Dynamics?

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

-Economic Panel and recently introduced questions about trust, positive reciprocity, and negative reciprocity to examine the extent … willingness to trust other people influences the probability of starting a business; ii) trust, positive reciprocity, and negative … reciprocity influence the exit probability of entrepreneurs; and iii) willingness to trust and to act reciprocally influences the …

Persistent link: https://www.econbiz.de/10008765038

Economic Preferences and Attitudes of the Unemployed: Are Natives and Second Generation Migrants Alike?

Constant, Amelie F.; Krause, Annabelle; Rinne, Ulf; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

In this paper we study the economic effects of risk attitudes, time preferences, trust and reciprocity while we compare … the two groups mainly in terms of risk attitudes and positive reciprocity. Second generation migrants have a significantly … higher willingness to take risks and they are less likely to have a low amount of positive reciprocity when compared to …

Persistent link: https://www.econbiz.de/10008765852

Can Minimum Prices Assure the Quality of Professional Services?

Meran, Georg; Schwarze, Reimund - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

This papers studies the effects on service quality and consumer surplus of a minimum price which is fixed by a bureaucratic non-monopolistic professional association. It shows that the price floor set by a Niskanen-type professional assocation will maximize consumer surplus only if consumers...

Persistent link: https://www.econbiz.de/10004963749

Joint Customer Data Acquisition and Sharing among Rivals

Jentzsch, Nicola; Sapi, Geza; Suleymanova, Irina - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

It is increasingly observable that in different industries competitors jointly acquire and share customer data. We propose a modified Hotelling model with two-dimensional consumer heterogeneity to analyze the incentives for such agreements and their welfare implications. In our model the...

Persistent link: https://www.econbiz.de/10008490048