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Individuals and teams in UMTS-license auctions
Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007
Persistent link: https://www.econbiz.de/10003675359
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Individuals and teams in UMTS-license auctions
Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007 - This version: 15 October 2007
more likely to win the auction when teams bid. -- UMTS auction ; team decision-making ; experiment ; winner's curse …We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction …
Persistent link: https://www.econbiz.de/10009731143
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Public procurement and supplier job creation : insights from auctions
Srhoj, Stjepan; Dragojević, Melko - 2021 - This draft October 5, 2021
Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product. Much research has been conducted on government spending and its aggregate effects, but evidence is scarce at the micro-level. This study exploits sealed-bid PPC auctions of...
Persistent link: https://www.econbiz.de/10012650218
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How social preferences shape incentives in (experimental) markets for credence goods
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
Persistent link: https://www.econbiz.de/10010479932
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Why did he do that? : using counterfactuals to study the effect of intentions in extensive form games
Engler, Yola; Kerschbamer, Rudolf; Page, Lionel - 2016
We investigate the role of intentions in two-player two-stage games. For this purpose we systematically vary the set of opportunity sets the first mover can chose from and study how the second mover reacts not only to opportunities of gains but also of losses created by the choice of the first...
Persistent link: https://www.econbiz.de/10011480554
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The geometry of distributional preferences and a non-parametric identification approach
Kerschbamer, Rudolf - 2013 - This Version: October 2013
This paper proposes a geometric delineation of distributional preference types and a non-parametric approach for their identification in a two-person context. It starts with a small set of assumptions on preferences and shows that this set (i) naturally results in a taxonomy of distributional...
Persistent link: https://www.econbiz.de/10010191920
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The role of non-binding pledges in social dilemmas with mitigation and adaptation
McEvoy, David M.; Haller, Tobias; Blanco, Esther - 2019
significant predictors of mitigation investments over the course of the experiment. …
Persistent link: https://www.econbiz.de/10011988473
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Social status and risk-taking in investment decisions
Lindner, Florian; Kirchler, Michael; Rosenkranz, Stephanie - 2019
A pervasive feature in the finance industry is relative performance, which can include extrinsic (money), intrinsic (self-image), and reputational (status) motives. In this paper, we model a portfolio decision with two assets and investigate how reputational motives (i.e., the public...
Persistent link: https://www.econbiz.de/10012008982
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Determinants of financial literacy and behavioral bias among adolescents
Aschenwald, Marco; Holzknecht, Armando; Kirchler, Michael; … - 2023
Building on cross-sectional data for Austrian high school students from fifth to twelfth grade, we investigate the correlations between socio-economic background variables and a comprehensive set of variables related to financial decision-making (i.e., financial knowledge, behavioral...
Persistent link: https://www.econbiz.de/10013483340
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Vickrey auction vs BDM : difference in bidding behaviour and the impact of other-regarding motives
Flynn, Niall; Kah, Christopher; Kerschbamer, Rudolf - 2015
In an experiment we first elicit the distributional preferences of subjects and then let them bid for a lottery, either … in a Becker-DeGroot-Marschak (BDM) mechanism or a Vickrey auction (VA). Standard theory predicts that altruistic subjects …
Persistent link: https://www.econbiz.de/10011404058