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We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...
Persistent link: https://www.econbiz.de/10013055380
We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...
Persistent link: https://www.econbiz.de/10010260043
Persistent link: https://www.econbiz.de/10014238989
Persistent link: https://www.econbiz.de/10011823563
behavioral experiment, we elicit German legislators' social welfare criteria unconfounded by political economy constraints. When …
Persistent link: https://www.econbiz.de/10014245365
behavioral experiment, we elicit German legislators' social welfare criteria unconfounded by political economy constraints. When …
Persistent link: https://www.econbiz.de/10014247240
behavioral experiment, we elicit German legislators’ social welfare criteria unconfounded by political economy constraints. When …
Persistent link: https://www.econbiz.de/10014305744
Using a series of controlled laboratory experiments involving decisions to intervene in others’ choice opportunities; we find that groups grant more autonomy to others than individuals. This finding is robust across two decision contexts, one involving individual decision-making (Internality)...
Persistent link: https://www.econbiz.de/10015164673
. We conduct a behavioral experiment that confirms these predictions, both for experimental variation in the costs of …
Persistent link: https://www.econbiz.de/10011863553
We study experimentally when, why, and how people intervene in others' choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...
Persistent link: https://www.econbiz.de/10012038987