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We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality aversion than individual initial proposals in team...
Persistent link: https://www.econbiz.de/10010359304
We use experimental data from the “vote with the wallet” multiplayer prisoner's dilemma to investigate with a finite mixture approach the effect of a responsible purchase on players' satisfaction. We find clear-cut evidence of heterogeneity of preferences with two groups of players that...
Persistent link: https://www.econbiz.de/10012988866
Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...
Persistent link: https://www.econbiz.de/10012415076
Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...
Persistent link: https://www.econbiz.de/10012418242
Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision...
Persistent link: https://www.econbiz.de/10012019615
Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision...
Persistent link: https://www.econbiz.de/10012029172
In this chapter, we discuss the “lab-in-the-field” methodology, which combines elements of both lab and field experiments in using standardized, validated paradigms from the lab in targeting relevant populations in naturalistic settings. We begin by examining how the methodology has been...
Persistent link: https://www.econbiz.de/10014023427
A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority is reached. We study experimentally welfare properties of simple three-voter conclaves with privately known preferences over two outcomes and waiting costs. The resulting game...
Persistent link: https://www.econbiz.de/10011336977
We report results from a laboratory experiment on strategic bargaining with indivisibilities studying the role of asymmetries, both in preferences and institutions. We find that subjects do not fully grasp the equilibrium effects asymmetries have on bargaining power and identify how subjects'...
Persistent link: https://www.econbiz.de/10012937237
The paper uses an experimental approach to study the voting power distribution in the context of classical model, as well as in generalized form which takes into account players’ preferences to coalesce with each other. Our results extend those of Montero, Sefton & Zhang (2008), confirming...
Persistent link: https://www.econbiz.de/10014196855