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The Impact of Delay: Evidence from Formal Out-of-Court Restructuring
Srhoj, Stjepan; Kovaéc, Dejan; Shapiro, Jacob N.; … - 2021
Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a "pre-bankruptcy...
Persistent link: https://www.econbiz.de/10012614685
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Can a common currency foster a shared social identity across different nations? The case of the euro
Buscha, Franz; Muller, Daniel; Page, Lionel - 2017
Fostering the emergence of a "European identity" was one of the declared goals of the euro adoption. Now, years after the physical introduction of the common currency, we investigate whether there has been an effect on a shared European identity. We use two different datasets in order to assess...
Persistent link: https://www.econbiz.de/10011662170
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Choosing the carrot or the stick? Endogenous institutional choice in social dilemma situations
Sutter, Matthias; Haigner, Stefan; Kocher, Martin G. - 2008
choice, groups typically vote for the reward option, even though punishment is actually more effective in sustaining high …
Persistent link: https://www.econbiz.de/10010293404
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Group Membership, Competition, and Altruistic versus Antisocial Punishment: Evidence from Randomly Assigned Army Groups
Goette, Lorenz; Huffman, David; Meier, Stephan - 2010
punishment behavior. Our study uses experiments conducted with 525 officers in the Swiss Army, and exploits random assignment to … prisoner's dilemma game with in-group as opposed to out-group members. They also use a costly punishment option to selectively … stronger in-group cooperation, but also a qualitative change in punishment: punishment becomes anti-social, harming cooperative …
Persistent link: https://www.econbiz.de/10010294796
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Distributional Preferences and Competitive Behavior
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2011
We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-minded and inequality averse subjects. However, when given...
Persistent link: https://www.econbiz.de/10010294780
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Gender, competition and the efficiency of policy interventions
Balafoutas, Loukas; Sutter, Matthias - 2010
Recent research has shown that women shy away from competition more often than men. We evaluate experimentally three alternative policy interventions to promote women in competitions: Quotas, Preferential Treatment, and Repetition of the Competition unless a critical number of female winners is...
Persistent link: https://www.econbiz.de/10010294806
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The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence
Fehr, Ernst; Rützler, Daniela; Sutter, Matthias - 2011
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an ingroup or an out-group...
Persistent link: https://www.econbiz.de/10010294807
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Gender differences in competition emerge early in life
Sutter, Matthias; Rützler, Daniela - 2010
We study gender differences in the willingness to compete in a large-scale experiment with 1,035 children and teenagers, aged three to eighteen years. Using an easy math task for children older than eight years and a running task for the younger ones we find that boys are much more likely to...
Persistent link: https://www.econbiz.de/10010294818
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Thar she bursts - Reducing confusion reduces bubbles
Kirchler, Michael; Huber, Jürgen; Stöckl, Thomas - 2011
To explore why bubbles frequently emerge in the experimental asset market model of Smith, Suchanek and Williams (1988), we vary the fundamental value process (constant or declining) and the cash-to-asset value-ratio (constant or increasing). We observe high mispricing in treatments with a...
Persistent link: https://www.econbiz.de/10010294824
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Donations, risk attitudes and time preferences: A study on altruism in primary school children
Angerer, Silvia; Glätzle-Rützler, Daniela; … - 2015
We present experimental evidence from a bilingual city in Northern Italy on whether the language spoken by a partner in a prisoner's dilemma game affects behavior and leads to discrimination. Running a framed field experiment with 828 six- to eleven-year old primary school children in the city...
Persistent link: https://www.econbiz.de/10011382719