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Bargaining in the presence of condorcet cycles : the role of asymmetries

Kamm, Aaron; Houba, Harold - 2015

This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...

Persistent link: https://www.econbiz.de/10010532580

Rich meets poor : an international fairness experiment

Cappelen, Alexander W.; Moene, Karl Ove; Sørensen, Erik Ø. - 2008

Why do people in rich countries not transfer more of their income to people in the world's poorest countries? To study this question and the relative importance of needs, entitlements, and nationality in people's social preferences, we conducted a real effort fairness experiment where people in...

Persistent link: https://www.econbiz.de/10011377115

An experimental investigation of wage taxation and unemployment in closed and open economies

Riedl, Arno; Winden, Frans A. A. M. van - 2000

We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...

Persistent link: https://www.econbiz.de/10011304623

Should the same side of the market always move first in a transaction? : an experimental study

Heijden, Eline C. van der; Nelissen, Jan H. M.; Verbon, … - 2000

This paper investigates whether transactions where the buyer (or the seller) always moves first, andthe seller (or the buyer) always moves second in the exchange gives higher payoffs than exchangesin which it is randomly determined who moves first. We examine the effect of two...

Persistent link: https://www.econbiz.de/10011317472

Nonrenewable resources, strategic behavior and the hotelling rule : an experiment

Veldhuizen, Roel van; Sonnemans, Joep - 2011

This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...

Persistent link: https://www.econbiz.de/10011382748

On the composition of committees

Beniers, Klaas J.; Swank, Otto H. - 2003

This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must … be motivated to collect information. Committees improvethe quality of decision-making by providing information and by …

Persistent link: https://www.econbiz.de/10011332816

On the optimality of decisions

Berk, Jan Marc; Bierut, Beata - 2004

Most monetary policy committees decide on interest rates using a simple majority voting rule. Given the inherent …

Persistent link: https://www.econbiz.de/10011342577

On committees of experts

Visser, Bauke; Swank, Otto H. - 2005

committees to show a united front. These results hold irrespective of whether information can be manipulated or not. Also …

Persistent link: https://www.econbiz.de/10011343285

Transparency and pre-meetings

Swank, Job; Swank, Otto H.; Visser, Bauke - 2006

Some committees are made up of experts, persons interested in both the (subject) matter at hand and in coming across as … able decision-makers. Such committees would like to conceal disagreement from the public. We present a theory that …

Persistent link: https://www.econbiz.de/10011349202

Committees of experts in the lab

Renes, Sander; Visser, Bauke - 2018

Theory predicts that committees of experts may take decisions that look good but are bad and that they show a united … front to impress evaluators. Although evaluators see through this behavior, committees persist in it only to avoid worse … of committees, words speak louder than costly decisions. Evaluators pick this up. Orthogonality tests show that …

Persistent link: https://www.econbiz.de/10011895939