Showing 1 - 10 of 106
population size of eachregion. The experiment shows that centralization induces lower taxmorale and less efficient outcomes. The …
Persistent link: https://www.econbiz.de/10005866975
We report the results of an experimental study that compares voting mechanismsin the provision of public goods. Subjects can freely decide how much they want tocontribute. Whether the public good is finally provided is decided by a referendumunder full information about all contributions. If...
Persistent link: https://www.econbiz.de/10005866711
In this paper we investigate the effects of local interaction in a CPR-like environment.We employ a local interaction model where subjects are allocated alonga circle and only interact with their most direct neighbors. In traditional socialdilemma experiments, the return of one’s actions is...
Persistent link: https://www.econbiz.de/10005866905
This paper studies the effect of introducing costly partner selection for the voluntarycontribution to a public good. Subjects participate in six sequences offive rounds of a two-person public good game in partner design. At the end ofeach sequence, subjects can select a new partner out of six...
Persistent link: https://www.econbiz.de/10005866964
We examine the effects of leading by example in voluntary contributionexperiments. Leadership is implemented by letting one group membercontribute to the public good before followers do. Such leadershipincreases contributions in comparison to the standard voluntary contributionmechanism,...
Persistent link: https://www.econbiz.de/10005866642
We conducted a laboratory study with a public goods game in which contributions are notsubmitted all at once but incrementally as coordinated in real time by a clock. Individualspress a button as soon as the clock equals their willingness to contribute. This publicgoods institution exploits the...
Persistent link: https://www.econbiz.de/10005867325
, what is the relation between them? Weran a controlled laboratory experiment to answer this question. Our ndings suggestthat …
Persistent link: https://www.econbiz.de/10005866427
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so called uncertainty effect, namely that people value a binary lottery over non-monetary outcomes less than other people value the lottery’s worse outcome. Unlike the authors who implement a verbal...
Persistent link: https://www.econbiz.de/10005866429
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
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