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Information Technology (IT) has spawned the growth of novel and innovative market mechanisms (such as online auctions … modern information technologies. Previous studies on designing trading mechanisms for online markets primarily viewed them …
Persistent link: https://www.econbiz.de/10009462787
formation. As opposed to previous findings in the CPR literature we observe that full information disclosure significantly … changes individual behaviour and aggregate use of the common property. Groups that had complete information about other … reduces aggregate extraction but does not reach full efficiency. Full information and communication leads to the formation of …
Persistent link: https://www.econbiz.de/10009468354
Firms collaborate to develop and deliver new products. These collaborations vary in terms of the similarity of the competencies that partnering firms bring to the alliance. In same-function alliances, partnering firms have similar competencies, whereas in cross-function alliances, partners have...
Persistent link: https://www.econbiz.de/10009475396
This book develops a structured methodology that allows to systematically analyze emotions in auctions. It provides a unified framework for emotional bidding in auctions, which comprises the bidders' processes of cognitive reasoning and emotional processing, and a methodology for measuring...
Persistent link: https://www.econbiz.de/10009434401
In this thesis, we theoretically and experimentally analyze three aspects of labor markets. We first ask whether the introduction of a minimum wage not only increases the wages of workers who previously earned less than this minimum wage, but also of those who earned considerably more already....
Persistent link: https://www.econbiz.de/10009434479
We analyze a model of Internet auctions. Sellers each offer one item of a heterogeneous good to bidders who have unit-demand preferences. Items are sold in second-price proxy auctions. We derive a perfect Bayesian (epsilon-) equilibrium. Our experimental findings support the theoretical results....
Persistent link: https://www.econbiz.de/10009434632
In a four-treatment experiment, we test some of the hypotheses inGarcia-Gallego et al.(2004) concerning competition among a number offirms of which some (or all) are indexed by a price-comparison enginefacilitating buyers' search process. In this paper, we isolateindividual behavior from noise...
Persistent link: https://www.econbiz.de/10009435086
Keizer, Lindenberg and Steg (2008) conduct six interesting field experiments and report that their results provide evidence of the broken windows theory. Such an analysis is highly relevant as the (broken windows) theory is both controversial and lacking empirical support. Keizer et al.’s key...
Persistent link: https://www.econbiz.de/10009438090
Theory predicts that efficiency prevails on credence goods markets if customers are able to verify which quality they receive from an expert seller. In a series of experiments with endogenous prices we observe that verifiability fails to result in efficient provision behaviour and leads to very...
Persistent link: https://www.econbiz.de/10009438172
Research in economics and psychology has established that informal non-monetary sanctions, particularly expressions of negative emotion or disapproval, can enforce fair economic exchange. However, scholars are only beginning to understand the reasons non-monetary sanctions affect economic...
Persistent link: https://www.econbiz.de/10009441172