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A multi-tournament environment is analyzed, focusing on the impact of organizer market structure on agent entry behavior. Two high ability agents first decide which tournament to enter (with fields then filled by low ability agents). If the marginal benefit of high ability agents in an event is...
Persistent link: https://www.econbiz.de/10014420155
Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers' aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations from...
Persistent link: https://www.econbiz.de/10011852710
Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...
Persistent link: https://www.econbiz.de/10011771180
Voters whose yes-or-no decision never makes a difference to the outcome in a simple voting game are known as 'null players'. Luxembourg's role in the Council of Ministers during the first period of the European Economic Community (EEC) is often cited as a real-world case. The paper contrasts the...
Persistent link: https://www.econbiz.de/10011852745
Knowing the gender of a counterpart can be focal in the willingness to collaborate in team settings that resemble the classic coordination problem. This paper explores whether knowing a co-worker's gender affects coordination on the mutually beneficial outcome in a socially risky environment. In...
Persistent link: https://www.econbiz.de/10013200101
Knowing the gender of a counterpart can be focal in the willingness to collaborate in team settings that resemble the classic coordination problem. This paper explores whether knowing a co-worker's gender affects coordination on the mutually beneficial outcome in a socially risky environment. In...
Persistent link: https://www.econbiz.de/10012547673
Voters whose yes-or-no decision never makes a difference to the outcome in a simple voting game are known as “null players”. Luxembourg’s role in the Council of Ministers during the first period of the European Economic Community (EEC) is often cited as a real-world case. The paper...
Persistent link: https://www.econbiz.de/10011849529
We experimentally investigate variants of the investment game by Berg, Dickhaut, and McCabe (1995), in which one of the two players decides who are first mover and second mover. It has been shown by Kleine, Königstein, and Rozsnyói (2014) that voluntary leadership increases both investment and...
Persistent link: https://www.econbiz.de/10012227706
We study a model in which agents endowed with power compete for a divisible resource by forming coalitions with other agents. The coalition with the greatest power wins the resource and divides it among its members via proportional sharing. We conduct an economic experiment using this model to...
Persistent link: https://www.econbiz.de/10012227776
In this note I show that the equilibrium in cutoff strategies observed in auctions with a buy-it-now price may also arise in markets where objects are sold simultaneously by auctions and posted prices. However, contrary to auctions with a buy-it-now price where buyers need to know only the total...
Persistent link: https://www.econbiz.de/10013200024