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Laboratory Bilateral Gift Exchange:The Impact of Loss Aversion
Dittrich, Dennis; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
The employment relationship is characterized by incomplete contracts. Labor contracts often take the form of a fixed wage without explicit performance incentives meaning that workers have a large degree of discretion over effort levels. As a consequence, an employee’s general jobattitude...
Persistent link: https://www.econbiz.de/10005866697
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How to Preserve a Fortune: An Experimental Comparison of Foundations and Direct Transfers to the Heir
Güth, Werner; Koschmieder, Kurt-Dieter; Levati, Maria … - Max-Planck-Institut zur Erforschung von …
Direct transfers allow heirs to freely use what has been passed on to them. Bequeathers who do not trust their descendants to make proper use of the fortune may prefer investing it in a safe foundation, thereby limiting their descendants’ autonomy. In our study we compare experimentally these...
Persistent link: https://www.econbiz.de/10005866700
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Cooperative Networks: Theory and Experimental Evidence
Pantz, Katinka; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
the results of two experiments. The ¯rst implemented environmentfollows the standard procedures for the voluntary … suf-¯cient to induce cooperative outcomes. In the second experiment we introduce the pairwisecommitment mechanism and we … observe aggregate cooperation rates beyond those observedin the ¯rst experiment whatever the monitoring cost but also beyond …
Persistent link: https://www.econbiz.de/10005866705
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“One Man, One Dollar”?Examining the equalization argument in support ofcampaign contribution limits
Vanberg, Christoph - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
Arguably the most important campaign finance regulations in U.S. federal elections are limitsimposed on the amount that an individual or organization may donate to a federal campaign. Suchcontribution limits are advocated on two separate grounds. The first is that they prevent corruption,the...
Persistent link: https://www.econbiz.de/10005866710
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Bribery and Public Procurement–An Experimental Study–
Büchner, Susanne; Freytag, Andreas; González Morales, … - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2006
provider.The optimal bids and bribes are derived based on an iid private costassumption. In the experiment, bribes are …
Persistent link: https://www.econbiz.de/10005866715
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Strategic Aspects of Hegemony
Goodin, Robert E.; Güth, Werner; Snidal, Duncan - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
Hegemony is a central feature of contemporary international politicsbut it remains seriously under-theorized. We draw on cooperative game theoryto represent and analyze different aspects of hegemony. After developing ageneral conception of hegemony, we analyze the circumstances under which...
Persistent link: https://www.econbiz.de/10005866820
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An Experimental Investigation of Alternatives toExpected Utility Using Pricing Data
Morone, Andrea; Schmidt, Ulrich - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
Experimental research on decision making under risk has until now always employed choicedata in order to evaluate the empirical performance of expected utility and the alternative nonexpectedutility theories. The present paper performs a similar analysis which relies on pricingdata instead of...
Persistent link: https://www.econbiz.de/10005866821
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Financial Market in the Laboratory, anExperimental Analysis of some Stylized Facts
Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
. By means of a laboratory experiment, we will investigate the effect of quantity and quality of information,present in a …
Persistent link: https://www.econbiz.de/10005866822
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On the social dimension of time and risk preferences:An experimental study
Güth, Werner; Levati, Maria Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
We report on an experiment designed to explore the interrelation of otherregardingconcerns with attitudes towards risk …
Persistent link: https://www.econbiz.de/10005866823
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Endogenous preemption on both sides of a market
Güth, Werner; Müller, Wieland; Potters, Jan - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
We study a market in which both buyers and sellers can decide to preempt and set theirquantities before market clearing. Will this lead to preemption on both sides of the market,only one side of the market, or to no preemption at all? We …nd that preemption tends to beasymmetric in the sense...
Persistent link: https://www.econbiz.de/10005866824