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Downsizing the Labor Force by Low and High Profit Firms– An Experimental Analysis

Güth, Werner; Paul, Christian - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

One may hope to capture the behavioral and emotional eects of downsizingthe labor force in rather abstract settings as an ultimatum game (see Fischeret al. (2008)), or try to explore downsizing in its more natural principalagentscenario with a labor market background. We pursue the latter...

Persistent link: https://www.econbiz.de/10005866438

Testing the Modigliani-Miller theorem directly in the lab:a general equilibrium approach

Mahagaonkar, Prashanth; Qiu, Jianying - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

In this paper, we experimentally test the Modigliani-Miller theorem. Applying ageneral equilibrium approach and not allowing for arbitrage among ¯rms with differ-ent capital structure, we are able to address a question fundamental to the valuationof firms: does capital structure affect the...

Persistent link: https://www.econbiz.de/10005866450

Effects of Profitable Downsizing on Collective Bargaining

Fischer, Sven; Güth, Werner; Köhler, Christoph - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

We experimentally test how acceptance thresholds react to the decisionof the proposer in a three party ultimatum game to exclude oneof two responders with veto power from the game. We elicit responderacceptance thresholds in case the proposer decides to exclude one ofthem, what increases the...

Persistent link: https://www.econbiz.de/10005866458

(Non-) Behavioral Economics – A Programmatic Assessment

Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

Economic theory has evolved without paying proper attention to behavioral approaches,especially to social, economic, and cognitive psychology. This has recently changed byincluding behavioral economics courses in many doctoral study programs. Although thisnew development is most welcome, the...

Persistent link: https://www.econbiz.de/10005866470

The Hidden Costs of Control:An Unsuccessful Replication Study

Ploner, Matteo; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

This note reports a replication study of Falk and Kosfeld’s (2006) medium control treatment.In the experimental game, an agent has an endowment of 120 experimental currency units anddecides how much to transfer to a principal. For every unit that the agent gives up, the principalreceives two...

Persistent link: https://www.econbiz.de/10005866534

Causes, consequences, and cures of myopic loss aversion: an experimental investigation

Fellner, Gerlinde; Sutter, Matthias - 2008

We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment …

Persistent link: https://www.econbiz.de/10010263857

Don't aim too high: the potential costs of high aspirations

Matthey, Astrid; Dwenger, Nadja - 2007

evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …

Persistent link: https://www.econbiz.de/10010263846

Revealed notions of distributive justice I: Theory

Becker, Nicole; Häger, Kirsten; Heufer, Jan - 2013

We provide a framework to decompose preferences into a notion of distributive justice and a selfishness part and to recover individual notions of distributive justice from data collected in appropriately designed experiments. "Dictator games" with varying transfer rates used in Andreoni and...

Persistent link: https://www.econbiz.de/10010435146

Revealed notions of distributive justice II: Experimental evidence

Becker, Nicole; Häger, Kirsten; Heufer, Jan - 2013

We report the results of a combination of a dictator experiment with either a "social planner" or a "veil of ignorance …" experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion … Agreement and Symmetry axioms proposed in BHH; we find that for 80% of participants the evidence is very strong. The experiment …

Persistent link: https://www.econbiz.de/10010435150

Don’t aim too high:the potential costs of high aspirations

Matthey, Astrid; Dwenger, Nadja - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

alab experiment on the factor found to be crucial: the adjustment of referencestates to changes in expectations. The …

Persistent link: https://www.econbiz.de/10005866527

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