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Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending …-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …
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Team decision-making prevails in modern organizations. Teams often need to decide whether to delegate or make a … reaching a decision have very high intrinsic values of decision rights, thus distorting decisions. Hence, the team decision …
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When do opposition groups decide to mount a terrorism campaign and when do they enter an open civil conflict against the ruling government? This paper models an opposition group's choice between peace, terrorism, and open conflict. Terrorism emerges if executive constraints are intermediate and...
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designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality … aversion than individual initial proposals in team decision-making. However, teams are no more selfish than individuals who … they anticipate the selfishness of other members. Within teams, the member with median social preferences leads the team …
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