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How social preferences shape incentives in (experimental) markets for credence goods

Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015

Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...

Persistent link: https://www.econbiz.de/10010479932

Do Liars Believe? Beliefs and Other-Regarding Preferences in the Sender-Receiver Game

Shields, Timothy W.; Sheremeta, Roman M. - 2014

subject’s own behavior in the other role. The results of the experiment indicate that 60 percent of senders adopt deceptive …

Persistent link: https://www.econbiz.de/10014186417

Face-to-Face Lying : An Experimental Study in Sweden and Japan

Holm, Håkan J.; Kawagoe, Toshiji - 2008

This paper investigates face-to-face lying and beliefs associated with it. In experiments in Sweden and Japan, subjects answer questions about personal characteristics, play a face-to-face sender-receiver game and participate in an elicitation of lie-detection beliefs. The previous finding of...

Persistent link: https://www.econbiz.de/10014220436

Contracting under Incomplete Information and Social Preferences : An Experimental Study

Hoppe, Eva I.; Schmitz, Patrick W. - 2012

cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …

Persistent link: https://www.econbiz.de/10014162484

Equilibrium Selection Through Incomplete Information in Coordination Games : An Experimental Study

Cabrales, Antonio; Nagel, Rosemarie; Armenter, Roc - 2002

We perform an experiment on a pure coordination game with uncertainty about the payoffs. Our game is closely related to …. In our experiment each subject receives a noisy signal about the true payoffs. This game has a unique strategy profile …

Persistent link: https://www.econbiz.de/10014119617

Do Liars Believe? Beliefs and Other-Regarding Preferences in Disclosure Settings

Shields, Timothy W. - 2015

other-regarding preferences. The results of the experiment indicate that 60 percent of senders adopt deceptive strategies by …

Persistent link: https://www.econbiz.de/10013038329

Sequential Contests with Incomplete Information : Theory and Experimental Evidence

Brookins, Philip; Matros, Alexander; Tzachrista, Foteini - 2022

In this paper, we investigate behavior in two-player sequential-move contests with complete and incomplete information about the value of the prize, theoretically and experimentally. First, we describe a Bayesian equilibrium of a sequential contest in which both players have private prize...

Persistent link: https://www.econbiz.de/10014237552

Inefficiency in private value bargaining with naive players : an experimental study

Possajennikov, Alexandre; Saran, Rene - 2018

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

Testing Guilt Aversion with an Exogenous Shift in Beliefs

Khalmetski, Kiryl - 2015

We conduct a laboratory experiment to test whether subjects tend to meet the expectations of others (the guilt aversion …

Persistent link: https://www.econbiz.de/10013034626

Gender, information and the efficiency of household production decisions : an experiment in rural Togo

Apedo-Amah, Marie Christine; Djebbari, Habiba; Ziparo, … - 2020

-in-the-field experiment, male producers allocate too few inputs to their wife's plot, failing to maximize household aggregate profits. They do …

Persistent link: https://www.econbiz.de/10012168047