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The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting …
Persistent link: https://www.econbiz.de/10011852503
place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …
Persistent link: https://www.econbiz.de/10010365906
/2; if neither offer falls into the interval, there is no settlement. Comparisons are made with other bargaining mechanisms …
Persistent link: https://www.econbiz.de/10014043989
We let students play a corruption game, embedded into a variant of the ultimatum game. Those allotted the role of public servants chose between whistleblowing, opportunism and reciprocity by delivery (of a contract) and those acting as businesspeople chose how to frame the game and whether to...
Persistent link: https://www.econbiz.de/10009425287
We experimentally investigate how different information about others' individual contributions affects conditional … cooperators' willingness to cooperate in a one-shot linear public goods game. We find that when information about individual … contributions is provided, contributions are generally higher than when only average information is available. This effect is …
Persistent link: https://www.econbiz.de/10010428766
the no-run outcome the unique equilibrium. We test if the theoretical predicitions hold in a lab experiment. We find that …
Persistent link: https://www.econbiz.de/10011450033
We experimentally investigate the impact of visibility of contributors and cost of information on public good …, even when viewing contributors' information is costly. This effect holds even though the identities of contributors are …
Persistent link: https://www.econbiz.de/10013063986
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who allocates the most to that battlefield. The winner of the game is the player...
Persistent link: https://www.econbiz.de/10014150669
bias. Furthermore, the paper explores the role of information and bargaining power on behavior and profit prospects in Buy …
Persistent link: https://www.econbiz.de/10014477420
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade … at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price … effects of bargaining power on aggregate outcomes. There is, however, substantial heterogeneity within sellers. Sellers who …
Persistent link: https://www.econbiz.de/10013000430