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Playing "hard to get" : an economic rationale for crowding out of intrinsically motivated behavior

Schnedler, Wendelin; Vanberg, Christoph - 2014

Anecdotal, empirical, and experimental evidence suggests that offering extrinsic rewards for certain activities can reduce people's willingness to engage in those activities voluntarily. We propose a simple rationale for this "crowding out" phenomenon, using standard economic arguments. The...

Persistent link: https://www.econbiz.de/10010345273

Separating Bayesian updating from non-probabilistic reasoning : an experimental investigation

Levin, Dan; Peck, James; Ivanov, Asen - 2015

Through a series of decision tasks involving colored cards, we provide separate measures of Bayesian updating and non-probabilistic reasoning skills. We apply these measures to (and are the first to study) a common-value Dutch auction. This format is more salient than the strategically...

Persistent link: https://www.econbiz.de/10011405312

Measurement Equivalence in Replications of Experiments : When and Why it Matters and Guidance on How to Determine Equivalence

Jilke, Sebastian - 2018

Replications of experiments are typically conducted to verify initial findings, increase their external validity, or to study the boundary conditions of treatment effects. A crucial and implicitly made assumption is that outcome measures in experiments are sufficiently comparable (i.e.,...

Persistent link: https://www.econbiz.de/10012935979

Location Still Matters : Evidence from an Online Shopping Field Experiment

Morgan, John; Ong, David; Zhong, Zemin (Zachary) - 2018

Many empirical studies of online price dispersion show that sellers post different prices for homogeneous goods. However, seller heterogeneity is difficult to control for and posted prices may not reflect price dispersion in actual transactions. We contribute to this literature by selling...

Persistent link: https://www.econbiz.de/10014036585

An Experimental Comparison of Two Search Models

Abrams, Eric; Sefton, Martin; Yavaş, Abdullah - 2001

We report an experiment designed to investigate markets with consumer search costs. In markets where buyers are matched with one seller at a time, sellers are predicted to sell at prices equal to buyers' valuations. However, we find sellers post prices that offer a more equal division of the...

Persistent link: https://www.econbiz.de/10014148780

Housing search frictions : evidence from detailed search data and a field experiment

Bergman, Peter; Chan, Eric; Kapor, Adam - 2020

website of housing listings for families with housing vouchers. We find that this information causes families to choose … estimate a dynamic model of families' search for housing on and off the website, as well as their location decisions. The model …

Persistent link: https://www.econbiz.de/10012179214

Social Preferences, Sorting, and Competition

von Siemens, Ferdinand - 2011

This paper investigates how an increase in competition for workers infuences the impact of social preferences on labor … comparisons. Competition promotes choice and thus facilitates sorting. But competition also boosts rent differences in the labor …

Persistent link: https://www.econbiz.de/10014195100

Experimenting with Contests for Experimentation

Deck, Cary A. - 2016

We report an experimental test of alternative rules in innovation contests when success may not be feasible and contestants may learn from each other. Following Halac et al. (forthcoming), the contest designer can vary the prize allocation rule from Winner-Take-All in which the first successful...

Persistent link: https://www.econbiz.de/10012992465

The Causal Effect of Competition on Prices and Quality : Evidence from a Field Experiment

Busso, Matias - 2018

power. In those situations, governments could attempt to regulate the market or to increase competition. We provide the … first experimental evidence on the effect of increased competition on prices and quality relying on an intervention that …

Persistent link: https://www.econbiz.de/10012938027

Information exchange in laboratory markets: competition, transfer costs, and the emergence of reputation

Hoffmann, Roman; Kittel, Bernhard; Larsen, Mattias - In: Experimental Economics 24 (2020) 1, pp. 118-142

hindering information exchange. Using a repeated investment game, we analyze the effects of competition and transfer costs on …, competition costs represent an indirect cost that arises when the transfer of valuable information to competitors comes at the … information about others significantly improves trust and market efficiency, both competition and direct transfer costs diminish …

Persistent link: https://www.econbiz.de/10014503988