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An experiment on supply function competition

Bolle, Friedel; Grimm, Veronika; Ockenfels, Axel; del … - In: European Economic Review 63 (2013) C, pp. 170-185

We experimentally investigate key predictions of supply function equilibrium. While, overall, equilibrium organizes bidding behavior well, we observe three important deviations. First, bidding is sensitive to theoretically irrelevant changes of the demand distribution. Second, in a market with...

Persistent link: https://www.econbiz.de/10010702962

The dynamic interplay of inequality and trust: an experimental study

Greiner, Ben; Ockenfels, Axel; Werner, Peter - 2007

We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with equal endowments, but decreases over time. In a...

Persistent link: https://www.econbiz.de/10010264271

The Dynamic Interplay of Inequality and Trust - An Experimental Study

Greiner, Ben; Ockenfels, Axel; Werner, Peter - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2007

We study the interplay of inequality and trust in a dynamic game, where trust increases efficiency and thus allows higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with equal endowments, but decreases over time. In a treatment...

Persistent link: https://www.econbiz.de/10005704393

The dynamic interplay of inequality and trust—An experimental study

Greiner, Ben; Ockenfels, Axel; Werner, Peter - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 355-365

We study the interplay of inequality and trust in a dynamic growth game, in which trust increases efficiency and thus allows higher growth of the laboratory economy in the future. We find that trust (as measured by the percentage of wealth invested in a trust game) is initially high in a...

Persistent link: https://www.econbiz.de/10011048177

The Dynamic Interplay of Inequality and Trust - An Experimental Study

Greiner, Ben; Ockenfels, Axel; Werner, Peter - Harvard Business School, Harvard University - 2007

Persistent link: https://www.econbiz.de/10005754938

Late and multiple bidding in second price Internet auctions : theory and evidence concerning different rules for ending an auction

Ockenfels, Axel; Roth, Alvin E. - 2003

their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in … that apply the automatic extension rule. The strategic differences in the auction rules are reflected in the field data …

Persistent link: https://www.econbiz.de/10011508091

Late and Multiple Bidding in Second Price Internet Auctions : Theory and Evidence Concerning Different Rules for Ending an Auction

Ockenfels, Axel; Roth, Alvin E. - 2021

Persistent link: https://www.econbiz.de/10013319851

The dynamic interplay of inequality and trust : an experimental study

Greiner, Ben; Ockenfels, Axel; Werner, Peter - In: Journal of economic behavior & organization : JEBO 81 (2012) 2, pp. 355-365

Persistent link: https://www.econbiz.de/10009626487

The Dynamic Interplay of Inequality and Trust – An Experimental Study

Greiner, Ben; Ockenfels, Axel; Werner, Peter - CESifo - 2007

Persistent link: https://www.econbiz.de/10005416497

An Experimental Analysis of Ending Rules in Internet Auctions

Ariely, Dan; Ockenfels, Axel; Roth, Alvin E. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002

A great deal of late bidding has been observed on internet auctions such as ebay, which employ a second price auction … employ similar auction rules, but use an ending rule that automatically extends the auction if necessary after the scheduled … the different ending rules under controlled conditions, without the other differences between internet auction houses that …

Persistent link: https://www.econbiz.de/10005866984