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...

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....

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....

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...

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...

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...

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...

The introduction of a centralized institution for trading production rights in quota-regulated agricultural sectors can dramatically improve the flow of information among market participants and increase efficiency. On the other hand, prevailing conditions in these small markets can provide...

This paper describes a novel experiment designed to examine how rent dissipation may occur in fisheries in which the right to participate is limited and fishermen compete amongst themselves for shares of an exogenous total allowable catch. We demonstrate that rent dissipation may occur through...

Agri-environmental programs in Japan have generally been promoted through the provision of fixedpayments for certain environment-friendly farming and management practices. However, the auctioning of agrienvironmentalcontracts is a noteworthy alternative for the furtherance of such programs....