Showing 1 - 10 of 1,586
We investigate effects of tax reporting institutions on evasion and incidence using an experimental double auction market setting. We find that 28% of the sellers are truthful when only sellers report, but that 88% and 64% of them are truthful under costless and costly third-party reporting by...
Persistent link: https://www.econbiz.de/10013255892
experiment in which buyers and sellers trade a fictitious good in double auction markets. A per-unit tax is imposed on sellers …
Persistent link: https://www.econbiz.de/10010350418
Persistent link: https://www.econbiz.de/10011406845
contest phase. While players in the treatment setup make a conscious decision on how much to invest in the contest, this … especially for groups on the losing side of the contest: Given the same level of sunk costs, contributions to the public good are … lower for groups which failed to be successful in the preceding between-group contest. Furthermore, this detrimental effect …
Persistent link: https://www.econbiz.de/10011891197
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...
Persistent link: https://www.econbiz.de/10011333886
choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10010224988
We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...
Persistent link: https://www.econbiz.de/10010240829
This paper analyzes the trade of an indivisible good within a two-stage mechanism, where a seller first negotiates with one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second 'price sealed' bid auction with an additional buyer is conducted. The...
Persistent link: https://www.econbiz.de/10010365906
Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under expected utility, ex-post risk leads DARA bidders to reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of the good, and bidders risk...
Persistent link: https://www.econbiz.de/10010344662
In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study how sellers set Buy-it-Now prices when buyers have independent private values for a single object for sale. We test the predictions of a model by combining the real auction...
Persistent link: https://www.econbiz.de/10010491157