Narrow search
Showing 1 - 10 of 1,431
Cover Image
"Buy-It-Now" or "Sell-It-Now" auctions : effects of changing bargaining power in sequential trading mechanisms
Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2015
at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price … prior to the auction; whereas in the "Sell-It-Now" format, it is the buyer. Both formats are extensively used in online and … offline markets. Despite very different strategic implications for buyers and sellers, results from our experiment suggest no …
Persistent link: https://www.econbiz.de/10011407823
Cover Image
Beliefs, learning, and personality in the indefinitely repeated prisoner's dilemma
Gill, David; Rosokha, Yaroslav - 2022
We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...
Persistent link: https://www.econbiz.de/10013345861
Cover Image
The formation of risk preferences through small-scale events
Angerer, Silvia; Dutcher, E. Glenn; Glätzle-Rützler, … - 2021
experiment with 743 subjects whether small-scale, seemingly negligible, events also affect the formation of risk preferences. In … second lottery almost a year later. The same pattern emerges in another experiment with 136 subjects where the second lottery …
Persistent link: https://www.econbiz.de/10012607807
Cover Image
Confidence in knowledge or confidence in the ability to learn : an experiment on the causal effects of beliefs on motivation
Fischer, Mira; Sliwka, Dirk - 2018
Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions - namely beliefs about the level of human capital and beliefs about the ability to learn - and this may explain some of...
Persistent link: https://www.econbiz.de/10011798132
Cover Image
True overconfidence, revealed through actions : an experiment
Cheung, Stephen L.; Johnstone, Lachlan - 2017
We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported …
Persistent link: https://www.econbiz.de/10011612902
Cover Image
Strategic ignorance in bargaining
Conrads, Julian; Irlenbusch, Bernd - 2011
rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …. -- strategic ignorance ; bargaining ; intentions ; experiment …
Persistent link: https://www.econbiz.de/10009517429
Cover Image
Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10009696885
Cover Image
Meeting technologies and optimal trading mechanisms in competitive search markets
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2014
. In our environment, sellers achieve this by posting an auction with a reserve price equal to their own valuation, along …
Persistent link: https://www.econbiz.de/10010387737
Cover Image
Search frictions, competing mechanisms and optimal market segmentation
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011476548
Cover Image
Multiple applications, competing mechanisms, and market power
Albrecht, James W.; Cai, Xiaoming; Gautier, Pieter; … - 2019
We consider a labor market with search frictions in which workers make multiple applications and firms can post and commit to general mechanisms that may be conditioned both on the number of applications received and on the number of offers received by its candidate. When the contract space...
Persistent link: https://www.econbiz.de/10012058290