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Personality questionnaires have been used and can be used to predict behavior in economic settings. Using two sets of state-of-the-art measures from personality psychology (the Big Six) and social psychology (Social Value Orientation), we find that the behavior of men is predictable in the first...
Persistent link: https://www.econbiz.de/10010297239
repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …
Persistent link: https://www.econbiz.de/10011432155
behavior in an environment with repeated auctions, pivotal suppliers and inelastic demand. The price increase can be traced … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …
Persistent link: https://www.econbiz.de/10009751726
Public agencies mainly rely on two modes to procure goods and services: auctions and direct negotiations. We study a … 1994 policy change in Germany that introduced the possibility to procure rail services in auctions as well as in direct …, auctions improve service levels and reduce prices. As a result, surplus on auctioned lines increased by about 30 …
Persistent link: https://www.econbiz.de/10011384086
This paper studies how imposing norms on contribution behavior affects individuals' intrinsic motivation. We consider the church levy, which the Catholic Church in Germany collects as a charitable donation, despite the fact that the levy is legally a tax. We design a randomized field experiment...
Persistent link: https://www.econbiz.de/10011509266
The option of adapting to climate change is becoming more important in climate change policy. Hence, responding to climate change now involves both mitigation to address the cause and adaptation as a response to already ongoing or expected changes. These changes are also of relevance for the...
Persistent link: https://www.econbiz.de/10010426488
A widely held view is that increasing globalisation and inequality are fostering support for populist actors. Surprisingly, when focusing on Germany and the U.S., populist voting is highest in less globalised regions with rather equal income distributions. Addressing this puzzle, I ask how the...
Persistent link: https://www.econbiz.de/10013336271
A growing literature in economics uses subjective well-being data collected in surveys as a proxy for utility. Environmental economists have combined these data with the public goods experienced by respondents using a novel non-market valuation approach: the experienced preference approach. In...
Persistent link: https://www.econbiz.de/10014454771
repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and …, we perform a panel analysis of the bidder behavior in the repo auctions of the Bundesbank where no minimum bid rate was …
Persistent link: https://www.econbiz.de/10010295761
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10010333849