Showing 1 - 7 of 7
We show that, if giving is equivalent to not taking, impure altruism could account for List’s (in Journal of Political Economy 115(3):482–493, <CitationRef CitationID="CR16">2007</CitationRef>) finding that the payoff to recipients in a dictator game decreases when the dictator has the option to take. We examine behavior in dictator...</citationref>
Persistent link: https://www.econbiz.de/10010988969
This study considers a model of road congestion with average cost pricing. Subjects must choose between two routes—Road and Metro. The travel cost on the road is increasing in the number of commuters who choose this route, while the travel cost on the metro is decreasing in the number of its...
Persistent link: https://www.econbiz.de/10010988986
In this paper, we study the behavior of individuals when facing two different, but incentive-wise identical, institutions. We pair the first price auction with an equivalent lottery. Once a subject is assigned a value for the auctioned object, the first price auction can be modeled as a lottery...
Persistent link: https://www.econbiz.de/10005711649
Previous research has suggested that communication and especially promises increase cooperation in laboratory experiments. This has been taken as evidence for internal motivations such as guilt aversion or preference for promise keeping. The goal of this paper was to examine messages under a...
Persistent link: https://www.econbiz.de/10010988990
Persistent link: https://www.econbiz.de/10010866251
Persistent link: https://www.econbiz.de/10005711728
Arbitration is increasingly employed to resolve disputes. Two arbitration mechanisms, conventional arbitration (CA) and final-offer arbitration (FOA) are commonly utilized, but previous theoretical and empirical research has found that they are unsatisfactory. Several alternative mechanisms have...
Persistent link: https://www.econbiz.de/10005711744