Showing 41 - 50 of 154
Persistent link: https://www.econbiz.de/10012168834
We use a large and heterogeneous sample of the Danish population to investigate the importance of distributional preferences for behavior in a public good game and a trust game. We find robust evidence for the significant explanatory power of distributional preferences. In fact, compared to...
Persistent link: https://www.econbiz.de/10012009014
This paper investigates - in a large heterogeneous sample - the relationship between social preferences on the one hand, and socioeconomic factors and political preferences on the other hand. Socioeconomic factors correlate with social preferences, and social preferences robustly shape political...
Persistent link: https://www.econbiz.de/10011714571
Persistent link: https://www.econbiz.de/10011914450
In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients, we study …
Persistent link: https://www.econbiz.de/10011490343
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
Persistent link: https://www.econbiz.de/10010479932
This paper investigates how heterogeneity in contestants' investment costs affects the competition intensity in a dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition intensity in homogeneous interactions. Relative cost...
Persistent link: https://www.econbiz.de/10010485338
Economists long considered money illusion to be largely irrelevant. Here we show, however, that money illusion has powerful effects on equilibrium selection. If we represent payoffs in nominal terms, choices converge to the Pareto inefficient equilibrium; however, if we lift the veil of money by...
Persistent link: https://www.econbiz.de/10011402620
In an experiment we first elicit the distributional preferences of subjects and then let them bid for a lottery, either …
Persistent link: https://www.econbiz.de/10011404058
sellers and consumers, leading to fraud in the form of provision of insufficient service (undertreatment), provision of … level of fraud. We investigate whether professional car mechanics - as real sellers of credence goods - react in the same … way to changes in informational and institutional constraints. While we find qualitatively similar effects in the fraud …
Persistent link: https://www.econbiz.de/10010237656