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 …

population size of eachregion. The experiment shows that centralization induces lower taxmorale and less efficient outcomes. The …

A robust nding of repeated public goods experiments is that high initialcontribution rates sharply decline towards the … end. This paper reports onan exploratory experiment designed to discover whether such a decline is simply triggered by the … experiment compares punctual to interval information about the number of repetitions, whereby interval information can be …

Participants in a public goods experiment receive private or common signals regarding the so-called point of no return …