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Risk and punishment revisited : errors in variables and in the lab

Engel, Christoph; Kirchkamp, Oliver - 2016

We provide an example for an errors in variables problem which might be often neglected but which is quite common in lab experimental practice: In one task, attitude towards risk is measured, in another task participants behave in a way that can possibly be explained by their risk attitude. How...

Persistent link: https://www.econbiz.de/10011516657

Law and politics and migration research

Bank, Roland; Lehmkuhl, Dirk - 2000

Persistent link: https://www.econbiz.de/10011582137

Words substitute fists : justifying punishment in a public good experiment

Engel, Christoph; Zhurakhovska, Lilia - 2013

controlled conditions, we have conducted a public goods experiment with central punishment. The authority is neutral - she does …

Persistent link: https://www.econbiz.de/10009784192

Beyond information : disclosure, distracted attention, and investor behavior

Hillenbrand, Adrian; Schmelzer, André - 2015 - Working paper version: December 2015

investment behavior. In our experiment, subjects decide about investments into real-life mutual funds. We find that subjects …

Persistent link: https://www.econbiz.de/10011416914

Strategic inattention in product search

Hillenbrand, Adrian; Hippel, Svenja - 2017

Online platforms provide search tools that help consumers to get betterfitting product offers. But this technology makes consumer search behavior also easily traceable for the platform and allows for real-time price discrimination. Consumers face a trade-off: Search intensely and receive better...

Persistent link: https://www.econbiz.de/10011737481

Interacting labor and product market regulation and the impact of immigration on native wages

Prantl, Susanne; Spitz-Oener, Alexandra - 2013

Does interacting product and labor market regulation alter the impact of immigration on wages of competing native workers? Focusing on the large, sudden and unanticipated wave of migration from East to West Germany after German reunification and allowing for endogenous immigration, we compare...

Persistent link: https://www.econbiz.de/10010229938

Competitive equilibrium in markets for votes

Casella, Alessandra; Llorente-Saguer, Aniol; Palfrey, … - 2012

We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy …

Persistent link: https://www.econbiz.de/10009500733

Testing the endowment effect for default rules

Marcin, Isabel; Nicklisch, Andreas - 2014

This paper explores potential endowment effects of contractual default rules. For this purpose, we analyze the Hadley liability default clause in a model of bilateral bargaining of lotteries against safe options. The liability default clause determines the right for the safe payoff option. We...

Persistent link: https://www.econbiz.de/10010229851

Win shift lose stay : an experimental test of non-compete clauses

Bünstorf, Guido; Engel, Christoph; Fischer, Sven; … - 2013

We experimentally test the effect of enforceable non-compete clauses on working efforts. The employee can invest into the probability of making a profitable innovation. After a successful innovation (Win) the employee may want to leave the firm (Shift) whereas after an innovation failure (Lose)...

Persistent link: https://www.econbiz.de/10010194567

Who is afraid of pirates? : an experiment on the deterrence of innovation by imitation

Engel, Christoph; Kleine, Marco - 2013

cost and risk. Nonetheless standard theory predicts too little innovation. Arguably the problem is exacerbated by … appropriation than predicted by standard theory. But the risk and the experience of appropriation does not deter innovation. We find … even more innovation than predicted by theory, and actually more than would be efficient. In the lab, the prospect of …

Persistent link: https://www.econbiz.de/10009742356