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How eBay Sellers set â€œBuy-it-nowâ€ prices - Bringing The Field Into the Lab

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - Volkswirtschaftliche Fakultät, … - 2006

In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … experiment is conducted in the lab but using an unchanged market environment from the real world. Moreover, a subset of the … experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the …

Persistent link: https://www.econbiz.de/10005785888

Price-setting Power versus Private Information

Sloof, Randolph - Tinbergen Institute - 2003

these predictions, private information appears to have no impact on the investment levels observed in the experiment. A …

Persistent link: https://www.econbiz.de/10005137223

Job market signaling and screening: An experimental comparison

Kuebler, Dorothea; Mueller, Wieland; Normann, Hans - Department of Economics, Royal Holloway University of London - 2004

We analyze the Spence education game in experimental markets. We compare a signaling and a screening variant, and we analyze the e¤ect of increasing the number of employers from two to three. In all treatments, there is a strong tendency to separate. More e¢cient workers invest more often and...

Persistent link: https://www.econbiz.de/10005489945

Strategic Delay and Rational Imitation in the Laboratory

Ziegelmeyer, Anthony; My, Kene Boun; Vergnaud, … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

This paper investigates market failures due to strategic delays. We test experimentally a discrete model of dynamic investment, where two privately informed agents have an option to invest at the time of their choice in the presence of waiting costs. The equilibrium outcome of our experimental...

Persistent link: https://www.econbiz.de/10005252205

Discussion of "Bonus and Malus in Principal-Agent Relations with Fixed Pay and Real Effort"

Stefani, Ulrike - In: Schmalenbach Business Review (sbr) 60 (2008) 3, pp. 304-318

Persistent link: https://www.econbiz.de/10005736939

Bonus and Malus in Principal-Agent Relations with Fixed Pay and Real Effort

Kirstein, Annette - In: Schmalenbach Business Review (sbr) 60 (2008) 3, pp. 280-303

Drawing on the proposer-responder game examined by Andreoni, Harbaugh, and Vesterlund (2003), I experimentally test four variations of a principal-agent relationship with fixed pay and real effort. Depending on the treatment, the principal can voluntarily, but at her own expense, (1) only reward...

Persistent link: https://www.econbiz.de/10005690241

Overconfidence?

Benoît, Jean-Pierre; Dubra, Juan - Volkswirtschaftliche Fakultät, … - 2008

Many studies have shown that people display an apparent overconfidence. In particular, it is common for a majority of people to describe themselves as better than average. The literature takes for granted that this better-than-average effect is problematic. We argue, however, that, even...

Persistent link: https://www.econbiz.de/10005836953

Bounded rationality and correlated equilibria

Germano, Fabrizio; Zuazo-Garin, Peio - Department of Economics and Business, Universitat … - 2015

We study an interactive framework that explicitly allows for non-rational behavior. We do not place any restrictions on how players can deviate from rational behavior. Instead we assume that there exists a lower bound p E [0,1] such that all players play and are believed to play rationally with...

Persistent link: https://www.econbiz.de/10011195692

Equilibrium selection in static and dynamic entry games

Duffy, John; Ochs, Jack - In: Games and Economic Behavior 76 (2012) 1, pp. 97-116

We experimentally assess the predictive power of two equilibrium selection principles for binary N-player entry games with strategic complementarities. In static entry games, we test the theory of global games which posits that players play games of complete information as if they were playing a...

Persistent link: https://www.econbiz.de/10010664595

Limelight on dark markets: an experimental study of liquidity and information

Berentsen, Aleksander; McBride, Michael; Rocheteau, … - Institut für Volkswirtschaftslehre, … - 2013

setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995 … its lack of "recognizability." We study a benchmark experiment where the OTC bargaining game takes place under complete … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set …

Persistent link: https://www.econbiz.de/10010817295