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Private information, risk aversion, and the evolution of market research
Güth, Sandra; Güth, Werner; Müller, Wieland - 2000
On a homogeneous oligopoly market informed sellers are fully aware of market demand whereas uninformed sellers only know the distribution. We first derive the market results when sellers are risk averse, similarly to Ponssard (1979) who assumed risk neutrality throughout. With the help of these...
Persistent link: https://www.econbiz.de/10009612010
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Compulsory disclosure of private information theoretical and experimental results for the acquiring-a-company game
Güth, Werner; Pull, Kerstin; Stadler, Manfred - 2014
Based on the "acquiring-a-company" game of Samuelson and Bazerman (1985), we theoretically and experimentally analyze the acquisition of a firm. Thereby we compare cases of symmetrically and asymmetrically informed buyers and sellers. This setting allows us to predict and test the effects of...
Persistent link: https://www.econbiz.de/10010240604
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Compulsory disclosure of private information : theoretical and experimental results for the "Acquiring-a-Company" game
Güth, Werner; Pull, Kerstin; Stadler, Manfred; Zaby, … - 2014
Based on the "acquiring-a-company" game of Samuelson and Bazerman (1985), we theoretically and experimentally analyze the acquisition of a firm. Thereby we compare cases of symmetrically and asymmetrically informed buyers and sellers. This setting allows us to predict and test the effects of...
Persistent link: https://www.econbiz.de/10010253149
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Compulsory disclosure of private information : theoretical and experimental results for the "acquiring-a-company" game ; conference paper
Güth, Werner; Pull, Kerstin; Stadler, Manfred; Zaby, … - 2014
Based on the acquiring-a-company game of Samuelson and Bazerman (1985), we theoretically and experimentally analyze the acquisition of a firm. Thereby we compare cases of symmetrically and asymmetrically informed buyers and sellers. This setting allows us to predict and test the effects of...
Persistent link: https://www.econbiz.de/10010487717
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Transparency in Information Acquisition : A Bargaining Experiment
Gehrig, Thomas; Güth, Werner; Levinsky, Rene - 2006
We analyze how transparency affects information acquisition in a bargaining context, where proposers may chose to purchase information about the unknown outside option of their bargaining partner. Although information acquisition is excessive in all our scenarios we find that the bargaining...
Persistent link: https://www.econbiz.de/10014056577
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Employment duration and resistance to wage reductions: Experimental evidence
Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - Sonderforschungsbereich 373, Quantifikation und … - 1998
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...
Persistent link: https://www.econbiz.de/10010983862
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Employment duration and resistance to wage reductions: Experimental evidence
Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - 1998
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...
Persistent link: https://www.econbiz.de/10010309895
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Employment duration and resistance to wage reductions : experimental evidence
Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - 1998 - Rev.
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don’t employers simply force their employees to accept lower wages as well? As an...
Persistent link: https://www.econbiz.de/10009578579
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Employment Duration and Resistance to Wage Reductions : Experimental Evidence
Burda, M.; Güth, Werner; Kirchsteiger, Georg; Uhlig, Harald - 2008
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...
Persistent link: https://www.econbiz.de/10014192066
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Sorting via screening versus signaling : a theoretic and experimental comparison
Güth, Werner; Winter, Fabian - 2013
capture the structural difference of screening and signaling only via their payoff specification. The experiment thus relies … equilibrium play due to sorting under signaling, compared to screening, is predicted and confirmed experimentally. -- off …-equilibrium play ; screening ; signaling ; sorting ; wage bargaining …
Persistent link: https://www.econbiz.de/10009736798