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telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling …
Persistent link: https://www.econbiz.de/10005427644
cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …
Persistent link: https://www.econbiz.de/10011084433
rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …
Persistent link: https://www.econbiz.de/10009371183
Persistent link: https://www.econbiz.de/10003675403
In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … experiment is conducted in the lab but using an unchanged market environment from the real world. Moreover, a subset of the … experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the …
Persistent link: https://www.econbiz.de/10010365897
Does gender play a role in the context of team work? Our results based on a real-effort experiment suggest that …
Persistent link: https://www.econbiz.de/10010365905
laboratory experiment, we show that consumers are generally reluctant to accept expensive treatment recommendations, which is … being carried out and thus superior overall welfare. In contrast to our theoretical predictions, this effect does not depend …
Persistent link: https://www.econbiz.de/10011496820
Credence goods markets are characterized by asymmetric information concerning the needed and/or provided quality between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as trustworthiness on the side of the expert. However, a great...
Persistent link: https://www.econbiz.de/10012591151
Moral hazard in expert diagnoses is more complicated in credence goods markets because ex-post verification of service optimality is usually not possible. We provide an experimental framework to investigate expert and consumer behavior as well as market efficiency in a setting in which experts...
Persistent link: https://www.econbiz.de/10011730221
We study the role of reciprocity in markets for credence goods where expert-sellers have more information about the severity of a problem faced by a consumer. We employ a standard experimental credence goods market to introduce the possibility for consumers to gift expert-sellers before they...
Persistent link: https://www.econbiz.de/10012261269