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The impact of delay : evidence from formal out-of-court restructuring
Srhoj, Stjepan; Kovač, Dejan; Shapiro, Jacob N.; … - 2021 - This draft August 11, 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/10012600992
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Can a common currency foster a shared social identity across different nations? : the case of the euro
Buscha, Franz; Müller, 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/10011591979
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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 2021
and indirect reciprocity as well as third-party punishment - emerges earliest as an effective means to increase … cooperation in a repeated prisoner's dilemma game. We find that third-party punishment exhibits a strikingly positive effect on … cooperation rates by doubling them in comparison to a control condition. It promotes cooperative behavior even before punishment …
Persistent link: https://www.econbiz.de/10012591195
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Ostracism and theft in heterogeneous groups
Baier, Alexandra; Balafoutas, Loukas; Jaber-Lopez, Tarek - 2021 - This version: 22.06.2021
Ostracism, or exclusion by peers, has been practiced since ancient times as a severe form of punishment against … form of punishment and decreases theft by excluded members once they are re-admitted into the group. However, it also leads …
Persistent link: https://www.econbiz.de/10012591202
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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/10010529903
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Revealed distributional preferences : individuals vs. teams
Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin; … - 2013 - This version: 24 June 2013
We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10009764814
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Resource scarcity, spite and cooperation
Prediger, Sebastian; Vollan, Björn; Herrmann, Benedikt - 2013
Using an experimental approach, this paper examines how scarcity of natural resources affects people's readiness to cooperate and to engage in antisocial behaviour. The experiments were carried out with pastoralists from southern Namibia whose livelihoods are highly dependent on grazing...
Persistent link: https://www.econbiz.de/10009744188
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Experimental games on networks: Underpinnings of behavior and equilibrium selection
Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - 2014
Persistent link: https://www.econbiz.de/10010354731
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The limits of guilt
Balafoutas, Loukas; Fornwagner, Helena - 2016 - This version: 25 April 2016
According to the theory of guilt aversion, agents suffer a psychological cost whenever they fall short of other people's expectations. In this paper we suggest that there may be limits to this kind of motivation. We present evidence from an experimental dictator game showing that dictators...
Persistent link: https://www.econbiz.de/10011455212
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Affirmative action or just discrimination? : a study on the endogenous emergence of quotas
Balafoutas, Loukas; Davis, Brent J.; Sutter, Matthias - 2016 - This version: 16 February 2016
Affirmative action rules are often implemented to promote women on labor markets. Little is known, however, about how and whether such rules emerge endogenously in groups of potentially affected subjects. We experimentally investigate whether subjects vote for affirmative action rules, against,...
Persistent link: https://www.econbiz.de/10011455264