Showing 1 - 10 of 13
We enrich the choice task of responders in ultimatum games by allow- ing them to independently decide whether to collect what is offered to them and whether to destroy what the proposer demanded. Such a multidimensional response format intends to cast further light on the motives guiding...
Persistent link: https://www.econbiz.de/10010887074
We study experimentally the effects of cost structure and prize allocation rules on the performance of rent-seeking contests. Most previous studies use a lottery prize rule and linear cost, and find both overbidding relative to the Nash equilibrium prediction and significant variation of...
Persistent link: https://www.econbiz.de/10010931195
Commitment problems are inherent to non-binding conflict resolution mechanisms, since an unsatisfied party can ignore the resolution and initiate conflict. We provide experimental evidence suggesting that even in the absence of binding contractual agreements individuals often avoid conflict by...
Persistent link: https://www.econbiz.de/10011263909
-binding, proposers offer nothing and conflicts always arise. Laboratory experiments confirm that binding side-payments reduce conflicts …
Persistent link: https://www.econbiz.de/10010666054
We conduct an experimental analysis of a best-of-three Tullock contest. Intermediate prizes lead to higher efforts, while increasing the role of luck (as opposed to effort) leads to lower efforts. Both intermediate prizes and luck reduce the probability of the contest ending in two rounds. The...
Persistent link: https://www.econbiz.de/10010666057
Motivated by problems of coordination failure observed in weak-link games, we experimentally investigate behavioral spillovers for minimum- and median-effort coordination games. Subjects play these coordination games simultaneously and sequentially. The results show that successful coordination...
Persistent link: https://www.econbiz.de/10010573229
We design an experiment to examine behavior and welfare in a multi-level trust game representing a pass through … investment in an intermediated market. In a repeated game, an investor invests via an intermediary who lends to a borrower. A pre-experiment …
Persistent link: https://www.econbiz.de/10010719261
capabilities, conflicts are unavoidable because the stronger agent prefers to fight. The results of the experiment confirm that the …
Persistent link: https://www.econbiz.de/10011048067
potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10010730010
A novel two-person "charity game" is used to experimentally investigate whether anticipation of help crowds out incentives to work, and therefore impulses to help. We distinguish two treatments differing in whether the causes of neediness are verifiable or not. Helping behavior does not vary...
Persistent link: https://www.econbiz.de/10005765202