In a symmetric differentiated experimental duopoly we test the ability of Price Matching Guarantees (PMG) to rise prices above the competitive levels. PMG is introduced both as a market institution (the effective selling price is always the lowest posted price) and as a strategic choice so...

Previous experimental and empirical evidence has identified social preferences in the voluntary provision of public goods. A number of competing models of such preferences have been proposed. We provide evidence for one model of behavior in these games, reciprocity (or matching, or conditional...

This paper reports the results of the Ultimatum Game (UG), Dictator Game (DG) and Public Goods Game (PGG) played among the Tsimane, a group of forager-horticulturalists living in the Bolivian Amazon. Game results differ significantly from those commonly reported among modern, westernized...

We study whether people's behavior in a one-shot sequential public goods type situation is affected by social information about average behavior by others in the same situation. The kind of social information we consider does not directly affect subjects' payoffs and we are, therefore, able to...

This paper reports the results of an experiment in which subjects had to buy real products in 5 different budget/price situations. Subjects were randomly drawn from the population of a medium-sized French city, and some of their socio-economic characteristics were recorded. We check the...

This paper presents an experimental study oftwo different pollution compliance games:collective vis-à-vis random fining as ameans to regulate non-pointpollution. Using samples from both Costa Ricancoffee mill managers and Costa Rican students,we find that the two games perform equivalentlybut,...

Many forest ecosystems provide multiple goods and services to both local users (e.g. firewood, water) and to other external beneficiaries (biodiversity conservation, carbon sequestration). This calls for alternative approaches in the governance of these local ecosystems. Even if local users...

The results of an asset market experiment, in which 64 subjects trade two assets on eight markets in a computerized continuous double auction, indicate that objectively irrelevant information influences trading behavior. Moreover, positively and negatively framed information leads to a...

This paper presents the results of laboratory experiments that explore the network formation process. Performances of three institutions, each derived from theoretical models found in the literature, are compared. All three institutions are found to generate similar levels of efficiency. In...

This paper analyzes data for a random sample drawn from the Dutch population who reveal their propensity to invest and reward investments in building up social capital by means of an economic experiment. We find substantial heterogeneity in the propensity to invest and in the propensity to...