Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

Diese Arbeit leistet einen Beitrag zur Forschung, die die im ökonomischen Standardmodell verwendete Annahme des eng gefassten Eigeninteresses in Frage stellt. Der erste Teil der Arbeit umfasst drei experimentelle Studien über soziale Präferenzen. Der zweite Teil der Arbeit umfasst drei...

This paper studies temporal-distance effects on individual and social risks, testing Construal Level Theory. We elicit WTPs for risky and ambiguous lotteries and vary the timing (immediately vs. in two weeks) when the uncertainty is resolved. Subjects have lower WTPs for longshots than for safer...

We present an experiment on voluntary contributions to a public good. The game has a dominant strategy solution in the interior of the strategy space. In the experiment we observe significant over-contribution. This result is similar to those of the typical corner solution experiments. --...