Showing 121 - 130 of 179
Persistent link: https://www.econbiz.de/10005628777
We compare three methods for the elicitation of time preferences in an experimental setting: the Becker-DeGroot-Marschak (BDM) procedure (BDM), a second price auction and the multiple price list format. The first two methods have been used rarely to elicit time preferences. Although all methods...
Persistent link: https://www.econbiz.de/10005628778
This paper analyses the effects played by rules within a coordination game. The starting point is constituted by the wide field of Public Choice theories. More precisely the focus of the research is on the stability of the voting process. The experiment is build on a game played through...
Persistent link: https://www.econbiz.de/10005628783
The focus of this paper is on altruism and coordination among agents with different income levels. A special form of altruism (ethical altruism) is investigated by means of experiments. The definition of altruism here used takes the hint by the A. Sen’s concept of obligation, i.e. behaviours...
Persistent link: https://www.econbiz.de/10005628784
The bias generated by the subjective perception of scarcity on economic behavior was investigated on two groups of children aged 9-10 and 12-14 years old and on a sample of adults. Children had to choose a toy among a set of identical objects varying only in color: one color was scarce the other...
Persistent link: https://www.econbiz.de/10005628787
In two laboratory studies involving 285 undergraduate students presented with a one-shot real choice we observe a systematic influence of time delay on the preferences for two lotteries, equal in expected value, but different in the degree of probability and outcome. The more the outcome is...
Persistent link: https://www.econbiz.de/10005628788
The bias generated by the subjective perception of scarcity on the consumer's choice is discussed from a theoretical perspective. The core idea here discussed is that scarcity is an Lancasterian attribute of the goods which is not endogenously built in the goods, like many physical attributes,...
Persistent link: https://www.econbiz.de/10005628789
Persistent link: https://www.econbiz.de/10005628815
In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of monetary outcomes. The theoretical model assumes that a decision-maker uses, sequentially, two criteria to screen options. Each criterion only permits a decision between some...
Persistent link: https://www.econbiz.de/10005761721
We present a general equilibrium model where manufacturing and service firms coexist. The quality of the service depends on the workers' effort. Two institutional regimes are compared, in which the service-providing firms are for-profit enterprises or, alternatively, nonprofit organizations. The...
Persistent link: https://www.econbiz.de/10008547068