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Group Identity and Relation-Specific Investment: An Experimental Investigation
Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2012
economic study of organizations. We study a previously unex-plored mechanism by which integration between two parties could … experiment. Our subjects were randomly divided into two teams and asked to wear their team uniform. Task 1 required them to …. For Task 2, the subjects played a hold-up game with either a member of their own team (representing integra-tion) or a …
Persistent link: https://www.econbiz.de/10010907436
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Does Group Identity Prevent Inefficient Investment in Outside Options? An Experimental Investigation
Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2014
We study whether group identity helps mitigate inefficiencies associated with appropriable quasi-rents, which are often created by relationship-specific investments in bilateral trade relationships. Based on previous findings that group identity strengthens other-regarding preferences, we...
Persistent link: https://www.econbiz.de/10011120420
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Investment in Outside Options as Opportunistic Behavior: An Experimental Investigation
Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2014
between other-regarding behavior and opportunism. In our experiment the seller can become worse off by investing, suggesting … that costly solutions to opportunistic behavior such as vertical integration may be unnecessary. …
Persistent link: https://www.econbiz.de/10011120419
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Other-regarding Preferences, Group Identity and Political Participation: An Experiment
Robalo, Pedro; Schram, Arthur; Sonnemans, Joep - Tinbergen Instituut - 2013
We experimentally study the relationship between other-regarding preferences, group identity and political participation. In doing so, we propose a novel group identity induction procedure that succeeds in creating environments where in-group bias is either high or low. At the individual level,...
Persistent link: https://www.econbiz.de/10011256817
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Hold-Up Problems and Firm Formation
Gersbach, Hans; Haller, Hans - C.E.P.R. Discussion Papers - 2004
Agents from a homogeneous population organize themselves into productive partnerships and are confronted with a hold-up problem when making relation-specific investments in those partnerships. The problem is mitigated if agents can leave a partnership in which they have invested, bear the costs...
Persistent link: https://www.econbiz.de/10005498121
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"Shocks" and Productivity
Johnson, David; Davis, Brent; Oxoby, Rob - Department of Economics, University of Calgary - 2014
with productivity in an economic experiment and whether it depends on the content of the stress. In our first experiment we … after subjects view the scary image only. Our second experiment tests whether it was the method by which the image was …
Persistent link: https://www.econbiz.de/10010960260
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Towards an understanding of the endogenous nature of identity in games
Bezrukova, Katerina; Smith, John - Volkswirtschaftliche Fakultät, … - 2008
of the change in identity and what causes this change. In our experiment, the subjects play one of two versions of the …
Persistent link: https://www.econbiz.de/10005835981
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Effects of Parental Background on Other-regarding Preferences in Children
Bauer, MIchal; Chytilova, Julie; Pertold-Gebicka, Barbara - Center for Economic Research and Graduate Education and … - 2011
Other-regarding preferences are central for the ability to solve collective action problems and thus for society’s welfare. We study how the formation of other-regarding preferences during childhood is related to parental background. Using binary-choice dictator games to classify subjects into...
Persistent link: https://www.econbiz.de/10009371038
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Accepting zero in the ultimatum game does not reflect selfish preferences
Staffiero, Gianandrea; Exadaktylos, Filippos; Espín, … - In: Economics Letters 121 (2013) 2, pp. 236-238
We show that subjects who set their minimum acceptable offer to zero in an ultimatum game are the most generous players in a dictator game. This finding challenges the interpretation of the acceptance of low offers as payoff-maximizing behavior.
Persistent link: https://www.econbiz.de/10011041817
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The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence
Fehr, Ernst; Glätzle-Rützler, Daniela; Sutter, Matthias - In: European Economic Review 64 (2013) C, pp. 369-383
decrease in spitefulness with increasing age. Egalitarianism becomes less frequent, and altruism much more prominent, with age …
Persistent link: https://www.econbiz.de/10011048600