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Informational asymmetries in laboratory asset markets with state-dependent fundamentals

Keser, Claudia; Markstädter, Andreas - 2014 - This version: September 25, 2014

We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...

Persistent link: https://www.econbiz.de/10010429127

Conditional cooperation and voluntary contributions to public goods

Keser, Claudia; Winden, Frans A. A. M. van - 2000

We compare a partners condition where the same small group of subjects plays arepeated public good game to astrangers condition where subjects play this game in changing group formations.Subjects in the partners conditioncontribute from the first period on significantly more to the public good...

Persistent link: https://www.econbiz.de/10011303327

Mandatory minimum contributions, heterogenous endowments and voluntary public-good provision

Keser, Claudia; Markstädter, Andreas; Schmidt, Martin - 2014

In a public-good experiment with heterogeneous endowments, we investigate if and how the contribution level as well as …

Persistent link: https://www.econbiz.de/10010457130

Informational asymmetries in laboratory asset markets with state-dependent fundamentals : conference paper

Keser, Claudia; Markstädter, Andreas - 2014

We investigate the formation of market prices in a new experimental setting involving multi-period asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and (2) the provision of...

Persistent link: https://www.econbiz.de/10010483895

Voluntary contributions to a public good when partial contribution is a dominant strategy

Keser, Claudia - 1995

We present an experiment on voluntary contributions to a public good. The game has a dominant strategy solution in the … interior of the strategy space. In the experiment we observe significant over-contribution. This result is similar to those of … Experiment zugrunde liegende Spiel hat eine Lösung in dominanten Strategien, die im Inneren des Strategieraums liegt. Im …

Persistent link: https://www.econbiz.de/10009693162

Informational asymmetries in laboratory asset markets with state-dependent fundamentals

Keser, Claudia; Markstädter, Andreas - 2014

Persistent link: https://www.econbiz.de/10010353591

Social costs of inequality : heterogeneous endowments in public-good experiments

Keser, Claudia; Markstädter, Andreas; Schmidt, Martin B.; … - 2014

We compare voluntary contributions to the financing of a public good in a symmetric setting to those in asymmetric settings, in which four players have different, randomly allocated endowments. We observe that a weak asymmetry in the endowment distribution leads to the same contribution level as...

Persistent link: https://www.econbiz.de/10010410644

Budget processes : theory and experimental evidence

Ehrhart, Karl-Martin; Gardner, Roy J.; Hagen, Jürgen von; … - 2006

This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. Ferejohn and Krehbiel (1987)...

Persistent link: https://www.econbiz.de/10010374866

Budget Processes : Theory and Experimental Evidence

Ehrhart, Karl-Martin - 2006

Persistent link: https://www.econbiz.de/10012732856

Mandatory Minimum Contributions, Heterogenous Endowments and Voluntary Public-Good Provision

Keser, Claudia - 2014

In a public-good experiment with heterogeneous endowments, we investigate if and how the contribution level as well as …

Persistent link: https://www.econbiz.de/10013040042

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