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'Buy-it-Now' or 'Sell-it-Now' Auctions : Effects of Changing Bargaining Power in Sequential Trading Mechanisms

Grebe, Tim - 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/10013009500

Do We Follow Others When We Should? A Simple Test of Rational Expectations

Weizsacker, Georg - 2021

The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...

Persistent link: https://www.econbiz.de/10013325050

Testing a Forgotten Aspect of Akerlof's Gift Exchange Hypothesis : Relational Contracts with Individual and Uniform Wages

Kocher, Martin G. - 2012

. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …

Persistent link: https://www.econbiz.de/10013108598

Contribution Games and the End-Game Effect : When Things Get Real – An Experimental Analysis

Bar-El, Ronen - 2013

We conduct a contribution game for a real public good and show that when the contributors value the real public good highly, they increase their contributions in each round. Thus, contrary to previous literature, free riding decreases over rounds and the end-game effect is reversed

Persistent link: https://www.econbiz.de/10013083744

Information and Learning in Oligopoly : An Experiment

Bigoni, Maria - 2013

This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …

Persistent link: https://www.econbiz.de/10013088340

Strategic Sophistication of Individuals and Teams in Experimental Normal-Form Games

Sutter, Matthias - 2010

We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …

Persistent link: https://www.econbiz.de/10013148075

Voting with Feet : Community Choice in Social Dilemmas

Gürerk, Özgür - 2010

Economic and social interactions often take place in open communities but the dynamics of the community choice process and its impact on cooperation of its members are yet not well understood. We experimentally investigate community choice in social dilemmas. Participants repeatedly choose...

Persistent link: https://www.econbiz.de/10013149693

Behavioural Responses to Unfair Institutions : Experimental Evidence on Rule Compliance, Norm Polarisation, and Trust

Columbus, Simon; Feld, Lars P.; Kasper, Matthias; … - 2023

and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …

Persistent link: https://www.econbiz.de/10014346014

Information and Beliefs in a Repeated Normal-Form Game

Fehr, Dietmar; Kübler, Dorothea; Danz, David Nils - 2021

We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...

Persistent link: https://www.econbiz.de/10013325045

Network Architecture and Mutual Monitoring in Public Goods Experiments

Carpenter, Jeffrey P. - 2010

Recent experiments show that public goods can be provided at high levels when mutual monitoring and costly punishment are allowed. All these experiments, however, study monitoring and punishment in a setting where all agents can monitor and punish each other (i.e., in a complete network). The...

Persistent link: https://www.econbiz.de/10013136030

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