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Falk, Armin - In: IZA World of Labor (2014)

How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...

Persistent link: https://www.econbiz.de/10011404832

Does informational equivalence preserve strategic behavior? Experimental results on Trockel's model of Selten's chain store story

Duman, Papatya - In: Games 11 (2020) 1, pp. 1-24

The purpose of this study is to experimentally test Trockel's game, which is a modelling of the classical Chain Store Game (CSG), and determine whether one of the two theories of Equality and Deterrence may better account for the observed behavior. The CSG is an example of a simple game in...

Persistent link: https://www.econbiz.de/10012227802

Maximal revenue with multiple goods: nonmonotonicity and other observations

Reny, Philip J.; Hart, Sergiu - In: Theoretical Economics 10 (2015) 3, pp. 893-922

Consider the problem of maximizing the revenue from selling a number of goods to a single buyer. We show that, unlike the case of one good, when the buyer's values for the goods increase the seller's maximal revenue may well decrease. We then identify two circumstances where monotonicity does...

Persistent link: https://www.econbiz.de/10011599558

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

On the Social Structure of Markets

Jackson, William A. - In: Cambridge Journal of Economics 31 (2007) 2, pp. 235-253

Economic theorists have seldom discussed the social structures behind markets, even though market trading relies heavily on seller/buyer roles and personal relations among traders. This paper considers the structural basis of markets and proposes a layered approach which accommodates a wide...

Persistent link: https://www.econbiz.de/10014429242

Market concentration and producer prices

Torun, Huzeyfe; Yassa, Ahmet Duhan - In: Central Bank Review (CBR) 23 (2023) 1, pp. 1-14

prices (D-PPI) in Türkiye. We start by reporting the fact that industries with intense competition had lower producer price … inflation compared to industries with low-competition in the past few years. Further investigation shows that this … differentiation across industries corresponds to the years with higher exchange rate volatility. The industries characterized with low-competition …

Persistent link: https://www.econbiz.de/10014547758

Facing Reciprocity: How Photos and Avatars Promote Interaction in Micro-communities

Teubner, Timm; Camacho, Sonia - In: Group Decision and Negotiation 32 (2023) 2, pp. 435-467

Online platforms facilitate the formation of micro-communities on the Internet by enabling exchange between locally dispersed individuals. Since all interactions are mediated through the online platform, user representation plays a critical role for such communities. Grounded in Social Exchange...

Persistent link: https://www.econbiz.de/10015193028

A nascent design theory for explainable intelligent systems

Herm, Lukas-Valentin; Steinbach, Theresa; Wanner, Jonas; … - In: Electronic Markets 32 (2022) 4, pp. 2185-2205

Due to computational advances in the past decades, so-called intelligent systems can learn from increasingly complex data, analyze situations, and support users in their decision-making to address them. However, in practice, the complexity of these intelligent systems renders the user hardly...

Persistent link: https://www.econbiz.de/10015209895

Alternative dispute resolution

Dickinson, David L. - In: IZA World of Labor (2023)

Alternative dispute resolution procedures such as arbitration and mediation are the most common methods for resolving wage, contract, and grievance disputes, but they lead to varying levels of success and acceptability of the outcome depending on their design. Some innovative procedures, not yet...

Persistent link: https://www.econbiz.de/10014331191

Uso del diseño de experimentos para la innovación empresarial

Delgado Fernández, Mercedes - In: Revista de Métodos Cuantitativos para la Economía y … 29 (2020), pp. 38-56

The article deals with the use of experimental design in business innovation projects. Firstly, the foundations of experimental design are presented, with special emphasis on the process approach and its applicability in innovation. The second section proposes a guide for its application in...

Persistent link: https://www.econbiz.de/10014494561