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Conservation auctions, collusion and the endowment effect

Dijk, Justin; Ansink, Erik; Soest, Daniël Pieter van - 2018

activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …

Persistent link: https://www.econbiz.de/10011932593

Second-chance offers and buyer reputation : theory and evidence on auctions with default

Engelmann, Dirk; Frank, Jeff; Koch, Alexander K.; … - 2020

Winners in online auctions frequently fail to complete purchases. Major auction platforms therefore allow "second …

Persistent link: https://www.econbiz.de/10012237211

Motivated beliefs in auctions

Riehm, Tobias - 2022

In auctions bidders are usually assumed to have rational expectations with regards to their winning probability … auctions, I show that by decreasing the time between bids and revelation of results, the auctioneer can induce bidders to …

Persistent link: https://www.econbiz.de/10013463574

Does the reliability of institutions affect public good contributions? : evidence from a laboratory experiment

Fochmann, Martin; Jahnke, Björn; Wagener, Andreas - 2016

Reliable institutions - i.e., institutions that live up to the norms that agents expect them to keep - foment cooperative behavior. We experimentally confirm this hypothesis in a public goods game with a salient norm that cooperation was socially demanded and corruption ought not to occur. When...

Persistent link: https://www.econbiz.de/10011430174

Group formation in a public good experiment : on the dynamics of social ties structures

Sonnemans, Joep; Dijk, Frans van; Winden, Frans A. A. M. van - 1999

Economic behavior often takes place in groups of small numbers of peopleinteracting with each other (like work teams, neighborhoods, socialnetworks, etc.). Characteristic of such interaction is the development of(affective) interpersonal relationships, or social ties. According tosociologists,...

Persistent link: https://www.econbiz.de/10011302615

The economics of altruistic punishment and the demise of cooperation

Egas, Martijn; Riedl, Arno - 2005

Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...

Persistent link: https://www.econbiz.de/10011343948

Bundling public with private goods

Frackenpohl, Gerrit; Pönitzsch, Gert - 2013

We propose a simple mechanism that might improve voluntary contributions to public goods. Using a laboratory experiment we analyze how bundling public with private goods affects individuals’ valuations for both goods. In the experiment, subjects may purchase a private and a public good either...

Persistent link: https://www.econbiz.de/10009748602

Entry or exit? : the effect of voluntary participation on cooperation

Nosenzo, Daniele; Tufano, Fabio - 2015

We study the effects of voluntary participation on public good provision. Voluntary participation may foster cooperation through two mechanisms: an entry mechanism, which leads to assortative selection of interaction partners, or an exit mechanism, whereby the opportunity to leave the...

Persistent link: https://www.econbiz.de/10010504597

Voluntary contributions to the establishment and operation of public goods : theory and experimental evidence

Arbel, Yuval; Bar-El, Ronen; Schwarz, Mordechai E.; … - 2014

We study the dynamics of the private provision of a public good that requires both capacity buildup and ongoing operating costs. We show that setting a time limit for the collection of contributions dedicated to capacity buildup minimizes the utility loss at the Nash equilibrium. We test the...

Persistent link: https://www.econbiz.de/10010413626

Public Goods Provision with Rent-Extracting Administrators

Cagala, Tobias - 2018

This paper studies public goods provision in an experiment in which contributors repeatedly interact with rent-extracting administrators. Our main result is that the presence of an administrator reduces contributions but only because rent extraction lowers the MPCR. Analysing the dynamic...

Persistent link: https://www.econbiz.de/10012927572