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Partial cartels and mergers with heterogenous firms : experimental evidence

Gomez-Martinez, Francisco - 2017

, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial …

Persistent link: https://www.econbiz.de/10011761059

Aggregation with a non-convex labor supply decision, unobservable effort, and reciprocity ("gift exchange") in labor relations

Vasilev, Aleksandar - 2017

Persistent link: https://www.econbiz.de/10011761125

Imagine-self perspective-taking and rational self-interested behavior in a simple experimental normal-form game

Karbowski, Adam; Ramsza, Michał - 2017

The purpose of this study is to explore the link between imagine-self perspective-taking and rational self-interested behavior in experimental normal-form games. Drawing on the concept of sympathy developed by Adam Smith and further literature on perspective taking in games, we hypothesize that...

Persistent link: https://www.econbiz.de/10011761459

The dollar auction game : a laboratory comparison between individuals and groups

Morone, Andrea; Nuzzo, Simone; Caferra, Rocco - 2017

The aim of this paper is to analyze bidders' behavior, comparing individuals and groups' decisions within the dollar auction framework. This game induces subjects to fall prey into the paradigm of escalation, which is driven by agents' commitment to higher and higher bids. Whenever each...

Persistent link: https://www.econbiz.de/10011763348

Testing consumer theory : evidence from a natural field experiment

Adena, Maja; Huck, Steffen; Rasul, Imran - 2017

We present evidence from a natural field experiment designed to shed light on whether individual behavior is consistent … experiment on charitable giving. We find that the behavior of at least 80% of individuals, on both the extensive and intensive …

Persistent link: https://www.econbiz.de/10011774097

Peers at work : evidence from the lab

Veldhuizen, Roel van; Oosterbeek, Hessel; Sonnemans, Joep - 2018

This paper reports the results of a lab experiment designed to study the role of observability for peer effects in the … setting of a simple production task. In our experiment, participants in the role of workers engage in a team real-effort task …-workers. Instead, our results imply that peer effects in our experiment are heterogeneous, with some workers reciprocating a high …

Persistent link: https://www.econbiz.de/10011813130

Using non-invasive brain stimulation to test the role of self-control in investor behavior

Li, Jianbiao; Niu, Xiaofei; Li, Dahui; Cao, Qian - 2018

We test whether self-control causally affects investor behavior with the non-invasive brain stimulation. Subjects trade stocks in an experimental asset market while their levels of self-control are exogenously varied by applying weak currents stimulation to a control-related brain area. We...

Persistent link: https://www.econbiz.de/10011844518

Copy trading

Apesteguia, Jose; Oechssler, Joerg; Weidenholzer, Simon - 2018

Abstract: Copy trading allows traders in social networks to receive information on the success of other agents in financial markets and to directly copy their trades. Internet platforms like eToro, ZuluTrade, and Tradeo have attracted millions of users in recent years. The present paper studies...

Persistent link: https://www.econbiz.de/10011874012

Voting rules in multilateral bargaining: using an experiment to relax procedural assumptions

Tremewan, James; Vanberg, Christoph - 2018

test the robustness of theoretical predictions. To illustrate this point we conduct a three-person bargaining experiment … examining the effect of different decision rules (unanimity and majority rule). Our experiment implements the substantive … those obtained from an earlier experiment which implemented the specific procedural assumptions of the model. Our results …

Persistent link: https://www.econbiz.de/10011889435

Capacity precommitment, communication, and collusive pricing : theoretical benchmark and experimental evidence

Güth, Werner; Stadler, Manfred; Zaby, Alexandra - 2018

In a capacity-then-price-setting game we experimentally identify capacity precommitment, the possibility to communicate before price choices, and prior competition experience as crucial factors for collusive pricing. The theoretical analysis determines the capacity thresholds above which firms...

Persistent link: https://www.econbiz.de/10011944106