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We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...
Persistent link: https://www.econbiz.de/10011333886
. We report a series of first-price auction experiments to measure the degree of inefficiency that occurs with financially …
Persistent link: https://www.econbiz.de/10011303292
laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two …
Persistent link: https://www.econbiz.de/10011664217
experiment suggests that the price guarantee improves efficiency and that it often increases production and revenue. An important …
Persistent link: https://www.econbiz.de/10014335529
In a laboratory experiment, we compare two auction mechanisms that determine the sequence of service to queued …
Persistent link: https://www.econbiz.de/10010532591
-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …
Persistent link: https://www.econbiz.de/10011379431
as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the …
Persistent link: https://www.econbiz.de/10011342575
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...
Persistent link: https://www.econbiz.de/10011343948
In Becker et al. (2013a,b), we proposed a theory to explain giving behaviour in dictator experiments by a combination … experiments. Here we analyse gender differences in preferences for giving and notions of justice in experiments using the same … men and women in dictator experiments are explained by differences in their notion of justice and not by different levels …
Persistent link: https://www.econbiz.de/10011327335
It is now generally accepted that some people are more altruistic, more trusting, or more reciprocal than others, but it is still unclear whether these differences are innate or a consequence of nurture. We analyse the correlation between handedness and social preferences in the lab and find...
Persistent link: https://www.econbiz.de/10011382490