In studies of bank runs the initial deposit decision is typically not taken into account. However, it is unlikely that people will entrust money to a bank that they expect to fail in the near future. The aim of this study is to investigate to what extent this mechanism prevents bank runs. It...

Why is it so hard to get opposing elites to work together rather than to seek partisan gains and/or political survival? While the credible commitment problem is widely known, there are a number of lesser known obstacles to building trust and trust worthiness between opposing elites. This article...

Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...

In the past several decades the experimental method has lent deep insights into economics. One perhaps surprising area that has contributed is the experimental study of children, where advances as varied as the evolution of human behaviors that shape markets and institutions, to how early life...

Deceiving someone in our everyday lives is a moral failing, one that we are adept at detecting and quick to judge in the words and actions of others. In our professional lives as economic scientists we are also quick to judge experimental procedures as deceptive, but we have problems...

The large experimental literature on competitiveness has typically ignored a key feature of many competitive settings in society: competition is not always fair. The playing field may be uneven and competitors of unequal strength. In our experiment, we systematically vary the fairness of the...

We conduct laboratory experiments for the multi-unit Vickrey auction with and without advice to subjects on strategy-proofness. The rate of truth-telling among the subjects without advice stays at 20%, whereas the rate increases to 47% among those who have received advice. By conducting similar...

Die Nutzung neuer Technologien in der Landwirtschaft spielt eine entscheidende Rolle, um die durch exponentielles Bevölkerungswachstum bedingten Herausforderungen zu bewältigen. Seit der Grünen Revolution der 1960er Jahre haben Forscher Probleme und Herausforderungen, welche mit der Nutzung...