We compare individual with collective contracts using variations of a repeated gift- exchange game. Firms consist of one employer and three workers. In the individual variation (I) different workers can receive separate wages. In the collective variation (C) workers receive the same wage. I and...

Experimental subjects usually self-select to the laboratory and this may introduce a bias to the derived conclusions. We analyze data stored by a subject-pool management software at an experimental laboratory and speculate about the eect of individual decisions on returning. In particular, we...

Intercultural relations between Australia and Asia are pivotal to the economic prosperity of the Asia-Pacific region. However, there appears to be tension between Australian domestic and Asian international students at universities in Australia. To measure the degree of trust and patterns of...

We propose an intergroup competition scheme (ICS) to solve the free-riding problem in the public goods game. Our solution only requires knowledge of the group contributions, is budget balanced and with the right parameters a dominant strategy. The main innovations of our design are that the...

This study explores how a self-fulfilling prophecy can solve a social dilemma. We ran two experimental treatments, baseline and automata. Both consisted of a finitely repeated public goods game with a surprise restart. In the automata treatment it was announced that there might be automata...

In this paper we consider data from a large number of economic experiments, and look for demographic effects that may be a source of subject pool bias if not carefully accounted for in the subsequent statistical analysis. Our dataset contains information on 2,408 subjects and 597 experimental...

We study individual decision making in a lottery-choice task performed by three subject populations: gamblers under psychological treatment (“addicts”), gamblers’ relatives (“victims”), and normal (as far as gambling is considered) individuals. We find that addicts are willing to take...

There have been significant changes in the personal credit card market over the past decade, partly reflecting the Reserve Bank’s reforms from the early 2000s, which were aimed at improving efficiency and competition in the payments system. One of the effects of the reforms has been an...

Over recent decades, there has been a shift away from public infrastructure financing towards private infrastructure financing, particularly in advanced economies. In this article, infrastructure financing in four countries – China, India, Australia and the United Kingdom – is examined to...

Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the 'chopstick auction' in which bidders are confronted with the exposure problem. We analyze the chopstick auction with incomplete information both in theory and in a...