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While intuition suggests that empowering workers to have some say in the control of the firm is likely to have beneficial effects, empirical evidence of such effects is hard to come by because of numerous confounding factors in the naturally occurring data. We report evidence from a real-effort...
Persistent link: https://www.econbiz.de/10011086337
Donations in-kind can be a mixed blessing for charities, who are often more adept at solicitation than resale. Many organizations rely on raffles to turn donations into cash, but auctions are also common. Theory predicts that all-pay mechanisms should produce more revenue than winner-pay...
Persistent link: https://www.econbiz.de/10011117127
Despite its popularity as a fundraiser for charities, very little research has been done on the bidding and revenue properties of the silent auction. This paper examines the consequences of two behaviors common in silent auctions, jump-bidding and sniping, in laboratory experiments with...
Persistent link: https://www.econbiz.de/10010574281
We conduct a vignette study of the propensity to commit the sunk cost fallacy with 106 undergradu-ates. Our contribution is to examine the socio-demographic determinants of "sunk cost sensitivity." The likelihood of commitment is found to be positively correlated with some ethnicities,...
Persistent link: https://www.econbiz.de/10005636197
Data from a recent ?eld experiment suggests that differences in participation rates are responsible for much of the variations in revenues across formats in charity auctions. We provide a theoretical framework for the analysis of this, and other related, results. The model illustrates the limits...
Persistent link: https://www.econbiz.de/10005636206
Many experiments have demonstrated the power of norm enforcement-peer monitoring and punishment-to maintain, or even increase, contributions in social dilemma settings, but little is known about the underlying norms that monitors use to make punishment decisions. Using a large sample of...
Persistent link: https://www.econbiz.de/10005636231
Aspiration-based evolutionary dynamics have recently been used to model the evolution of fair play in the ultimatum game showing that incredible threats to reject low offers persist in equilibrium. We focus on two extensions of this analysis: we experimentally test whether assumptions about...
Persistent link: https://www.econbiz.de/10005636242
In many environments, tournaments can elicit more effort from workers, except perhaps when workers can sabotage each other. Because it is hard to separate effort, ability and output in many real workplace settings, the empirical evidence on the incentive effect of tournaments is thin. There is...
Persistent link: https://www.econbiz.de/10005636259