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We investigate, by mean of a lab experiment, a market inspired by two strands of literature on one hand we have herd …
Persistent link: https://www.econbiz.de/10011544083
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …
Persistent link: https://www.econbiz.de/10011852503
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
prices and highest realized gains from trade. Our experiment provides new evidence, from markets with very asymmetrically …
Persistent link: https://www.econbiz.de/10012437539
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We investigate, by mean of a lab experiment, a market inspired by two strands of literature on one hand we have herd …
Persistent link: https://www.econbiz.de/10011561771