In a symmetric differentiated experimental duopoly we test the ability of Price Matching Guarantees (PMG) to rise prices above the competitive levels. PMG is introduced both as a market institution (the effective selling price is always the lowest posted price) and as a strategic choice so...

In this paper we experimentally research if the socio-cultural environment of an olive-oil producer family could influence on the attitudes towards risk of their members. Beyond the often assumed greater risk aversion of farmers on this particular environment, we do not find any significant...

We study whether people's behavior in a one-shot sequential public goods type situation is affected by social information about average behavior by others in the same situation. The kind of social information we consider does not directly affect subjects' payoffs and we are, therefore, able to...