Showing 1 - 10 of 31
We enrich the choice task of responders in ultimatum games by allowing them to independently decide whether to collect what is offered to them and whether to destroy what the proposer demanded. Such a multidimensional response format intends to cast further light on the motives guiding responder...
Persistent link: https://www.econbiz.de/10010395127
Persistent link: https://www.econbiz.de/10011514841
We study subgame-perfect implementation (SPI) mechanisms that have been proposed as a solution to incomplete contracting problems. We show that these mechanisms - which are based on off-equilibrium arbitration clauses that impose large fines for lying and the inappropriate use of arbitration -...
Persistent link: https://www.econbiz.de/10012318860
We enrich the choice task of responders in ultimatum games by allow- ing them to independently decide whether to collect what is offered to them and whether to destroy what the proposer demanded. Such a multidimensional response format intends to cast further light on the motives guiding...
Persistent link: https://www.econbiz.de/10010887074
We present an experiment designed to test the Modigliani-Miller theorem. Applying a general equilibrium approach and … (control) individual decision-making experiment, eliciting several points on individual demand and supply curves for shares …
Persistent link: https://www.econbiz.de/10009642920
theoretical predictions of the model in a laboratory experiment. In line with our model's predictions, as firm longevity increases …
Persistent link: https://www.econbiz.de/10009274509
This paper reports the results from a laboratory experiment which investigates the structure of contracts that emerge …
Persistent link: https://www.econbiz.de/10010665915
Authority and power permeate political, social, and economic life but there is limited empirical knowledge about the motivational origins and consequences of authority. We experimentally study the motivation and incentive effects of authority in an authority-delegation game. Individuals exhibit...
Persistent link: https://www.econbiz.de/10008764264
In this paper, we study a voluntary contribution mechanism withone-way communication. The relevance of one person’s words is assessedby assigning exogeniously the role of the ‘communicator’ to onegroup member. Contrary to the view that the mutual exchange ofpromises is necessary for the...
Persistent link: https://www.econbiz.de/10009022164
Persistent link: https://www.econbiz.de/10009762361