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This article presents experiments that analyze the strategic behavior of voters under three voting systems: plurality rule, approval voting, and the Borda count. Applying a level-k reasoning model approach, strategic behavior is found to be significantly different under each treatment (voting...
Persistent link: https://www.econbiz.de/10011161075
The theory of compensating differentials has proven difficult to test with observational data: the consequences of selection, unobserved firm and worker characteristics, and the broader macroeconomic environment complicate most analyses. Instead, we construct experimental, real-effort labor...
Persistent link: https://www.econbiz.de/10011163479
In many groups heterogeneous incentives induce people to make unequal contributions to a common pool. This paper studies whether people consider the random assignment of such unequal incentives as unequal opportunities and demand more egalitarian distributions of the pool. The aggregate...
Persistent link: https://www.econbiz.de/10011166020
experiment to measure human trading behaviour changes if these humans expect algorithmic traders. To disentangle the direct …
Persistent link: https://www.econbiz.de/10011166024
In this study, experiments of single-file pedestrian movement were conducted and the movement parameters of pedestrians were extracted with a digital image processing method based on a mean-shift algorithm. The microscopic characteristics of pedestrian dynamics, including velocity, density, and...
Persistent link: https://www.econbiz.de/10011060566
How can a principal (an agent) ensure that an agent (a principal) will work (pay up), if payment (work) precedes work (payment)? When a banknote is torn in two, each part is by itself worthless. A principal can pre-commit to payment-on-delivery, by tearing a banknote and giving the agent the...
Persistent link: https://www.econbiz.de/10005395160
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral …
Persistent link: https://www.econbiz.de/10005399038
We study the influence of gender and gender pairing on economic decision making in an experimental two-person bargaining game where the other party?s gender is known to both actors. We find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically...
Persistent link: https://www.econbiz.de/10005399039
The effects of a Tobin tax on foreign exchange markets have long been disputed. We present an experiment with currency …
Persistent link: https://www.econbiz.de/10005399040
We study experimentally the relationship between intra-firm wage dispersion chosen by principals and workers' performance. Principals show a preference for more egalitarian wage schemes, and workers are negatively influenced by high levels of wage inequality.
Persistent link: https://www.econbiz.de/10005399041