According to the Terror Management Theory, the fear of death may induce anxiety and threaten individual self-esteem. To remove this fear, individuals need to obtain and sustain self-esteem, for example by competing in rank order tournaments, or by focusing on status seeking. Within an...

The thought of one’s own death induces anxiety and threatens self-esteem. According to Terror Management Theory, to reduce this existential threat individuals typically embrace their cultural worldview, and seek for an increase in self-esteem and status by improving their productivity. Within...

Este trabajo esta encaminado a analizar demandas de agentes originadas en un laboratorio por medio de la teoría de preferencias reveladas (WARP). La decisión de los agentes será el consumo de un bien privado y de un bien público. El precio del bien privado se determinará aleatoriamente por...

We study the Lagos and Wright (2005) model of monetary exchange in the laboratory. With a finite population of sufficiently patient agents, this model has a unique monetary equilibrium and a continuum of non-monetary gift exchange equilibria, some of which Pareto dominate the monetary...

Concern about potential free riding in the provision of public goods has a long history. More recently, experimental economists have turned their attention to the conditions under which free riding would be expected to occur. A model of free riding is provided here which demonstrates that...

The motivation of this paper was to model and to implement an innovative approach to simulate the trading processes of a virtual business company. Agent-based methods together with the Java development platform are used to implement a multi-agent system to serve as a simulation framework. The...

I use a randomised conditional cash transfer program from Indonesia to provide evidence on peer effects in consumption of poor households. I combine this with consumption visibility data from Indonesia to examine whether peer effects in consumption differ by a good’s visibility. In line with a...