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Gu, Yiquan - 2008

This paper proposes a model for a certification market with an imperfect testing technology. Such a technology only assures that whenever two products are tested the higher quality product is more likely to pass than the lower quality one. When only one certifier with such testing technology is...

Persistent link: https://www.econbiz.de/10012722369

Teaching in the Lab : Financial Incentives in the Education Process

Helbach, Christoph - 2012

This study uses a laboratory experiment to analyze the effectiveness of performance based monetary incentives in the teaching process. The process of knowledge transmission is recreated using a video-stream. Four different teacher payment schemes are compared, three of which depend on the...

Persistent link: https://www.econbiz.de/10013107873

The Inefficiency of Market Transparency – A Model with Endogenous Entry

Gu, Yiquan - 2010

Including the entry decision in a Bertrand model with imperfectly informed consumers, we introduce a trade-off at the level of social welfare. On the one hand, market transparency is beneficial when the number of firms is exogenously given. On the other, a higher degree of market transparency...

Persistent link: https://www.econbiz.de/10013135842

Price and Non-Price Competition in Oligopoly – An Analysis of Relative Payoff Maximizers

Markazi Moghadam, Hamed - 2016

Do firms under relative payoff s maximizing (RPM) behavior always choose a strategy profile that results in tougher competition compared to firms under absolute payoffs maximizing (APM) behavior? In this paper we will address this issue through a simple model of symmetric oligopoly where firms...

Persistent link: https://www.econbiz.de/10013002549

The Recommendation Effect in the Hotelling Game - A New Result for an Old Model

Conze, Maximilian - 2016

Hotelling's famous ‘Principle of Minimum Differentiation' suggests that two firms engaging in spatial competition will decide to locate at the same place. Interpreting spatial competition as modeling product differentiation, firms will thus offer products that are not differentiated and...

Persistent link: https://www.econbiz.de/10013006802

Does Delegation Help to Prevent Spiteful Behavior?

Rusche, Christian - 2011

The direct evolutionary approach according to Leininger (2003) states that players in a two player Tullock rent-seeking contest within a finite population behave "as if" they were relative payoff maximizers. Accordingly contest expenditures are higher than in Nash equilibrium. The indirect...

Persistent link: https://www.econbiz.de/10013122025

Is There a Walrasian Equilibrium in Exchange Markets with Endowment Effect

Schwarz, Christian - 2009

We provide an axiomatic framework for exchange markets with a willingness-to-pay/willingness-to-accept discrepancy. First, we obtain a two parameter family of market invariants under price-scaling representing the excess demand. One of the parameters can be identified as endowment. The other is...

Persistent link: https://www.econbiz.de/10012718146

Small Cash Rewards for Big Losers – Experimental Insights into the Fight Against the Obesity Epidemic

Augurzky, Boris; Bauer, Thomas K.; Reichert, Arndt R.; … - 2015

We complement the empirical evidence on the sustainability of weight loss achieved through cash rewards and, for the first time, rigorously examine the potential of cash rewards to prevent weight cycling. In a three period randomized controlled trial, about 700 obese persons were first assigned...

Persistent link: https://www.econbiz.de/10014137952

The More You Know? – Consumption Behavior and the Communication of Economic Information

Brosig-Koch, Jeannette - 2013

This paper uses a laboratory experiment to analyze the impact of different types of information on consumption and savings behavior. Based on a buffer stock savings model, three treatment dimensions are used: The amount of information subjects receive about the likelihood of income shocks,...

Persistent link: https://www.econbiz.de/10013088586

Revealed Notions of Distributive Justice I – Theory

Becker, Nicole - 2013

recover individual notions of distributive justice from data collected in appropriately designed experiments. "Dictator games … planner" experiments or experiments under a "veil of ignorance" (Rawls 1971) can be used to recover larger parts of the notion … necessarily incentive-compatible, and to recover a greater part of an individual's preference relation in dictator experiments …

Persistent link: https://www.econbiz.de/10013073250