Showing 1 - 10 of 233
The paper surveys the experimental literature on matching markets. It covers house allocation, school choice, and two-sided matching markets such as college admissions. The main focus of the survey is on truth-telling and strategic manipulations by the agents, on the stability and efficiency of...
Persistent link: https://www.econbiz.de/10012033568
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/10013191455
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/10012236843
for taking political stances that is scaled by the salience of political decision-making. Increases in political salience … sanctioning mechanisms, middling levels of salience can pose the greatest threat, as regime supporters are insufficiently …
Persistent link: https://www.econbiz.de/10014331551
We introduce political salience into a canonical model of attacks against political regimes, as scaling agents … incentives, and we show that comparative statics in salience characterize stability. As main insight, when regime sanctions are … weak, increases from low to middling salience can pose the greatest threat to regimes - ever smaller shocks suffice to …
Persistent link: https://www.econbiz.de/10014445156
We present a laboratory experiment on the impact of price framing on consumer decision making. Consumer subjects face a search market where two sellers offer a homogenous good. We examine six different price frames with linear per-unit pricing (that is displayed as such) serving as a benchmark....
Persistent link: https://www.econbiz.de/10010230313
Reanalyzing 12 experiments on the repeated prisoner's dilemma (PD), we robustly observe three distinct subject types … experiments and uncorrelated with treatment parameters, but their population shares are highly correlated with treatment …
Persistent link: https://www.econbiz.de/10012617057
. Reanalyzing 145,000 decisions from infinitely repeated prisoner's dilemma experiments, and using data-mining techniques giving …
Persistent link: https://www.econbiz.de/10011902714
While people on all sides of the political spectrum were amazed that Donald Trump won the Republican nomination this paper demonstrates that Trump's victory was not a crazy event but rather the equilibrium outcome of a multi-candidate race where one candidate, the buffoon, is viewed as likely to...
Persistent link: https://www.econbiz.de/10012299310
In this paper, we investigate whether dynamic incentive schemes lead to a ratchet effect in a social dilemma. We test whether subjects strategically restrict their contribution levels at the beginning of a cumulative public goods game in order to avoid high obligations in the future and how this...
Persistent link: https://www.econbiz.de/10012196294