If the future market wage is uncertain, engaging in long{term employment is risky, withthe risk depending on how regulated the labor market is. In our experiment long{term employment can result either from oering long{term contracts or from repeatedlyand mutually opting for rematching....

This article examines the nature of human behavior in a nested socialdilemma referred to as the Spillover Game. Players are divided into twogroups with positive production interdependencies. Based on theoreticallyderived opportunistic, local, and global optima, our experimental...

Although one may hope to achieve equality of stated profits withoutenforcing it, one may not trust in such voluntary equality seeking andrather try to impose rules (of bidding) guaranteeing it.[...]

Most research in economics models agents somehow motivated by out-comes. Here, we model agents motivated by procedures instead, whereprocedures are dened independently of an outcome. To that end, wedesign procedures which yield the same expected outcomes or carry thesame information on other's...

By using a choice experiment, this paper focuses on citizens’ preferences for effort-sharingrules of how carbon abatement should be shared among countries. We find that Swedes do notrank the rule favoring their own country highest. Instead, they prefer the rule where allcountries are allowed...

Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of money in a risky asset when face with two different methods of control which have identical payoff structure and probability distribution, but provide different sense of control....

How does a choice experiment (CE) model derived under standard preference axioms perform for respondents with incomplete preferences?[...]

In this paper, we study a voluntary contribution mechanism withone-way communication. The relevance of one person’s words is assessedby assigning exogeniously the role of the ‘communicator’ to onegroup member. Contrary to the view that the mutual exchange ofpromises is necessary for the...

We revisit the economic models of social learning by assuming that individuals update theirbeliefs in a non-Bayesian way. Individuals either overweigh or underweigh (in Bayesian terms)their private information relative to the public information revealed by the decisions of othersand each...

Data on contestants’ choices in Italian Game Show Affari Tuoi are analysed in a way that separatesthe effect of risk attitude (preferences) from that of beliefs concerning the amount ofmoney that will be offered to contestants in future rounds. The most important issue addressedin the paper is...