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This paper provides three measures of the uncertainty associated to an impulse response path: (1) conditional confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that point; (2) response percentile bounds} which provide...
Persistent link: https://www.econbiz.de/10010274338
price competition. Both stages of the game are implemented in a laboratory experiment and the obtained results support the …
Persistent link: https://www.econbiz.de/10010315562
The classical price competition model (named after Bertrand), prescribes that in equilibrium prices are equal to marginal costs. Moreover, prices do not depend on the number of competitors. Since this outcome is not in line with real-life observations, it is known as the Bertrand Paradox. Many...
Persistent link: https://www.econbiz.de/10010321769
Conceptual priming has become an increasingly popular tool in economics. Here, we review the literature that uses priming in incentivized experiments to study economic questions. We mainly focus on the role of social identity, culture, and norms in shaping preferences and behavior. We also...
Persistent link: https://www.econbiz.de/10011663185
We use the strategy method to classify subjects into cooperator types in a large-scale online Public Goods Game and find that free riders spend more time on making their decisions than conditional cooperators and other cooperator types. This result is robust to reversing the framing of the game...
Persistent link: https://www.econbiz.de/10013208656
This paper shows that political attitudes are linked to cooperative behavior in an incentivized experiment with a large … sample randomly drawn from the Danish population. However, this relationship depends on the way the experiment is framed. In …
Persistent link: https://www.econbiz.de/10013208784
. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the …
Persistent link: https://www.econbiz.de/10014318980
tightly controlled laboratory labor market experiment demonstrates that prior employment information allows employers to … field experiment that varies the frequency of job changes in applicants' resumes and find that those with fewer job changes … receive substantially more callbacks from prospective employers. Third, a survey experiment with Human Resources professionals …
Persistent link: https://www.econbiz.de/10012143539
We demonstrate that one should not expect convergence of the proposals to the subgame perfect Nash equilibrium offer in standard ultimatum games. First, imposing strict experimental control of the behavior of the receiving players and focusing on the behavior of the proposers, we show...
Persistent link: https://www.econbiz.de/10010284129
We analyse the all-pay auction with incomplete information and variance-averse bidders. We characterise the symmetric equilibrium for general distributions of valuations and any number of bidders. Variance aversion is a sufficient assumption to predict that high-valuation bidders increase their...
Persistent link: https://www.econbiz.de/10011282465