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and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have …
Persistent link: https://www.econbiz.de/10012167341
-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication … competition, although some of them become weaker. Our main findings are the following: (i) The ability of sellers to make non … bargaining and in competition; (ii) Competition reduces the informativeness of the price requests and weakens the anchoring …
Persistent link: https://www.econbiz.de/10014299618
For companies, it is essential to obtain information about customers' preferences to successfully market their products and services. Experimental auctions are a promising method for acquiring such information considering that they are incentive compatible and non-hypothetical. Their...
Persistent link: https://www.econbiz.de/10014390433
lab experiment perform the same real-effort task over several rounds. In each round, they have to choose between piece …-rate remuneration and a winner-takes-all competition. At the end of each round, those who compete get feedback on the competition … effect is also present for high performers. In an additional experiment, I show that giving feedback to non-competers might …
Persistent link: https://www.econbiz.de/10011441727
Persistent link: https://www.econbiz.de/10003774512
conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted … directly with people in Uganda and Tanzania, two of the world's poorest countries. In this experiment, the participants were …. First, entitlement considerations are crucial in explaining the distributive behavior of rich people in the experiment …
Persistent link: https://www.econbiz.de/10011377115
-exchange experiment. The promotion campaign allowed guests to pay any non negative amount of money for a stay in one of 36 hotels in …
Persistent link: https://www.econbiz.de/10011349714
Persistent link: https://www.econbiz.de/10010191020
Persistent link: https://www.econbiz.de/10000986281
In economic environments, decision-makers can strategically delay irreversible investments to learn from the actions of others. This creates free-riding incentives and can lead to socially suboptimal outcomes. We experimentally examine if and how communication mitigates this free-riding problem...
Persistent link: https://www.econbiz.de/10014299600