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Bargaining in the Presence of Condorcet Cycles: The Role of Asymmetries
Kamm, Aaron; Houba, Harold - 2015
This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the equilibrium predictions. The main deviations from...
Persistent link: https://www.econbiz.de/10011288420
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An Experimental Investigation of Wage Taxation and Unemployment in Closed and Open Economies
Riedl, Arno; van Winden, Frans - 2000
We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...
Persistent link: https://www.econbiz.de/10010324476
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Should the Same Side of the Market always move first in a Transaction? An Experimental Study
van der Heijden, Eline C.M.; Nelissen, Jan H.M.; … - 2001
This paper investigates whether transactions where the buyer (or the seller) always moves first, andthe seller (or the buyer) always moves second in the exchange gives higher payoffs than exchangesin which it is randomly determined who moves first. We examine the effect of two...
Persistent link: https://www.econbiz.de/10010324922
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Nonrenewable Resources, Strategic Behavior and the Hotelling Rule: An Experiment
van Veldhuizen, Roel; Sonnemans, Joep - 2011
This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...
Persistent link: https://www.econbiz.de/10010325825
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Rich meets Poor - An International Fairness Experiment
Cappelen, Alexander W.; Moene, Karl Ove; Sørensen, Erik Ø. - 2008
Why do people in rich countries not transfer more of their income to people in the world's poorest countries? To study this question and the relative importance of needs, entitlements, and nationality in people's social preferences, we conducted a real effort fairness experiment where people in...
Persistent link: https://www.econbiz.de/10010326015
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On the Composition of Committees
Beniers, Klaas J.; Swank, Otto H. - 2003
This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must … be motivated to collect information. Committees improvethe quality of decision-making by providing information and by …
Persistent link: https://www.econbiz.de/10010324872
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On the Optimality of Decisions
Berk, Jan Marc; Bierut, Beata - 2004
Most monetary policy committees decide on interest rates using a simple majority voting rule. Given the inherent …
Persistent link: https://www.econbiz.de/10010325243
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On Committees of Experts
Visser, Bauke; Swank, Otto H. - 2005
committees to show a united front. These results hold irrespective of whether information can be manipulated or not. Also …
Persistent link: https://www.econbiz.de/10010325304
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Transparency and Pre-meetings
Swank, Job; Swank, Otto; Visser, Bauke - 2006
Some committees are made up of experts, persons interested in both the (subject) matter at hand and in coming across as … able decision-makers. Such committees would like to conceal disagreement from the public. We present a theory that …
Persistent link: https://www.econbiz.de/10010325475
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Committees of Experts in the Lab
Renes, Sander; Visser, Bauke - 2018
Theory predicts that committees of experts may take decisions that look good but are bad and that they show a united … front to impress evaluators. Although evaluators see through this behavior, committees persist in it only to avoid worse … of committees, words speak louder than costly decisions. Evaluators pick this up. Orthogonality tests show that …
Persistent link: https://www.econbiz.de/10011932341