We report results from a decentralized bargaining market experiment conducted with farmers and students. Our results indicate that despite its bad reputation, performance is highly efficient (although not as efficient as the competitive equilibrium prediction). Farmers and students perform...

Im Berufsleben von Landwirten sind Verhandlungen mit Geschäftspartnern, Behörden und Banken alltägliche Ereignisse. Verhandlungen sind Teil von Transaktionen und verursachen Kosten, die je nach Verhandlungsintensität und -verlauf unterschiedlich hoch ausfallen. Die Bedeutung von...

This paper presents the results of an experimental investigation on incentives to adopt advanced abatement technology under emissions trading. Our experimental design mimics an industry with small asymmetric polluting firms regulated by different schemes of tradable permits. We consider three...

One key problem regarding the external validity of laboratory experiments is their duration: while economic interactions out in the field are often lengthy processes, typical lab experiments only last for an hour or two. To address this problem for the case of both symmetric and asymmetric...

One key problem regarding the external validity of laboratory experiments is their duration: while economic interactions out in the field are often lengthy processes, typical lab experiments only last for an hour or two. To address this problem for the case of both symmetric and asymmetric...

In this paper, we make use of a unique dataset collected at the central train station of the city of Kiel, Germany. Group tickets are used by individual proposers looking for co-travelers to share the ride with shortly before the train departure. The shared ride is offered for a fixed price. We...

This article reports results from Cournot duopoly and triopoly experiments with different subject pools: German students, Malaysian students and Malaysian managers. We find that Malaysian managers perform significantly more collusively than Malaysian students. We also find that country matters...