Showing 1 - 10 of 587
repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …
Persistent link: https://www.econbiz.de/10010295761
In the recent literature, several hypotheses have been put forward in order to explain the decline of contributions in repeated public good games. We present results of an experiment which allows to evaluate these hypotheses. The main characteristics of our experimental design are a variation of...
Persistent link: https://www.econbiz.de/10010272953
discriminatory auction is found to be more susceptible to collusion than are the uniform-price auctions, and so contrary to …
Persistent link: https://www.econbiz.de/10011324892
second novel treatment with external risk. This treatment captures the risk, prevalent in online auctions, that winners will … not receive a good of value. We find that dynamic auctions-including the English-are particularly susceptible to …
Persistent link: https://www.econbiz.de/10011709876
We experimentally investigate how reputational concerns affect behavior in repeated Tullock contests by comparing expenditures of participants interacting in fixed groups with the expenditures of participants interacting with randomly changing opponents. When participants receive full...
Persistent link: https://www.econbiz.de/10011688530
This paper provides a new way to identify conditional cooperation in a real-time version of the standard voluntary contribution mechanism. Our approach avoids most drawbacks of the traditional procedures because it relies on endogenous cycle lengths, which are defined by the number of...
Persistent link: https://www.econbiz.de/10010277300
This paper questions whether informative feedback on consumption can nudge water saving behavioral change. For this purpose, we launched a five-month online information campaign which involved equipping around 1,000 households located in the province of Milan (Italy) with a smart meter. Treated...
Persistent link: https://www.econbiz.de/10014325127
This paper provides a new way to identify conditional cooperation in a real-time version of the standard voluntary contribution mechanism. We define contribution cycles as the number of contributors a player waits for before committing to a further contribution, and use a permutation test on...
Persistent link: https://www.econbiz.de/10010369358
We investigate the effects of information feedback in rent-seeking games with two different contest structures. In the deterministic contest a contestant receives a share of the rent equal to her share of rent-seeking expenditures, while in the stochastic contest a contestant wins the entire...
Persistent link: https://www.econbiz.de/10010392399
In recent years, Combinatorial Clock Auctions (CCAs) have been used around the world to allocate frequency spectrum for …
Persistent link: https://www.econbiz.de/10010326491