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Gender differences are often observed in real life-situations. We implement an experiment on the investment game which … explores the influence of knowledge of partner's gender in trust and reciprocity by means of two treatments of information: the … first one, without knowledge of partner's gender and the second treatment where gender's partner is common knowledge. A …
Persistent link: https://www.econbiz.de/10005787126
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …
Persistent link: https://www.econbiz.de/10004976975
minorities. Using an economic experiment, this study compares the gender gap in competitive inclination across three ethnic … groups in one county. The Han Chinese have no statistically significant gender gap while the patrilineal Yi women are … hypothesis that institutional changes can narrow the gender gap in competitive inclination. …
Persistent link: https://www.econbiz.de/10011113959
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …
Persistent link: https://www.econbiz.de/10004976978
We investigate a private value auction in which a single "entrant" on winning imposes a negative externality on two "regular" bidders. In an English auction, when all bidders are active "regulars" free ride, exiting before price reaches their value. In a first-price sealed-bid auction incentives...
Persistent link: https://www.econbiz.de/10011109670
People overestimate the probability that others share their values or preferences. I introduce type projection equilibrium (TPE) to capture such projection in Bayesian games. TPE allows each player to believe his opponents share his type with intermediate probability \rho. After establishing...
Persistent link: https://www.econbiz.de/10011167228
Conformity behavior, i.e. the agreement between an individual's choices and the prevailing behavior of a reference group, is a commonly observed phenomenon. Though some types of social interactions may give raise to specific incentives to adopt either a majoritarian or a contrarian behavior, we...
Persistent link: https://www.econbiz.de/10011260935
We study first- and second-price private value auctions with sequential bidding where second movers may discover the first movers bids. There is a unique equilibrium in the first-price auction and multiple equilibria in the second-price auction. Consequently, comparative statics across price...
Persistent link: https://www.econbiz.de/10011112622
Renegotiation is a common practice in procurement auctions which allows for post-auction price adjustments and is nominally intended to deal with the problem that sellers might underestimate the eventual costs of a project during the auction. Using a combination of theory and experiments, we...
Persistent link: https://www.econbiz.de/10011113750
In a standard auction, bidders bid more aggressively when the number of bidders increases. However, Krishna and Rosenthal (1996, Games and Economic Behavior) show that when bidders have multiple-unit demand that generates positive synergies, bidders bid less aggressively as the number of bidders...
Persistent link: https://www.econbiz.de/10005789669