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The impact of price frames on consumer decision making : experimental evidence
Baake, Pio; Huck, Steffen - 2013
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first result is that export...
Persistent link: https://www.econbiz.de/10010230311
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Price framing
Huck, Steffen; Schmid, Julia; Wallace, Brian - 2013
We present a laboratory experiment on the impact of price framing on consumer decision making. Consumer subjects face a … search market where two sellers offer a homogenous good. We examine six different price frames with linear per-unit pricing … impact on consumer decision making. The most striking result concerns drip pricing (where prices are decomposed into three …
Persistent link: https://www.econbiz.de/10010230313
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Pricing and Trust
Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2007
We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive...
Persistent link: https://www.econbiz.de/10014053130
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Public statistics and private experience : varying feedback information in a take-or-pass game
Danz, David; Huck, Steffen; Jehiel, Philippe - 2015
We study how subjects in an experiment use different forms of public information about their opponents' past behavior …
Persistent link: https://www.econbiz.de/10011437784
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Games played through agents in the laboratory : a test of Prat & Rustichini's model
Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes - 2016
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") makes decisions that affect payoffs of others ("principals") who are inactive. As the principals have a stake in the agents' decisions they face an incentive to offer payments in order to...
Persistent link: https://www.econbiz.de/10011455866
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Games played through agents in the laboratory : a test of Prat & Rustichini's model
Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes Josef - 2019 - 2nd revision September 2019
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect the payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10012102977
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Public statistics and private experience : varying feedback information in a take-or-pass game
Danz, David; Huck, Steffen; Jehiel, Philippe - In: German economic review 17 (2016) 3, pp. 359-377
Persistent link: https://www.econbiz.de/10011665751
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Games played through agents in the laboratory : a test of Prat & Rustichini's model
Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes - 2017
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10011668556
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Everyday econometricians: selection neglect and overoptimism when learning from others
Barron, Kai; Huck, Steffen; Jehiel, Philippe - 2023
Persistent link: https://www.econbiz.de/10014322040
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Deferred Compensation and Gift Exchange : An Experimental Investigation into Multi-Period Labor Markets
Wallace, Brian; Seltzer, Andrew J.; Huck, Steffen - 2004
-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred …
Persistent link: https://www.econbiz.de/10010261943