Search Results - subject:"Laboratory experiments"

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The dynamic interplay of inequality and trust—An experimental study

Greiner, Ben; Ockenfels, Axel; Werner, Peter - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 355-365

We study the interplay of inequality and trust in a dynamic growth game, in which trust increases efficiency and thus allows higher growth of the laboratory economy in the future. We find that trust (as measured by the percentage of wealth invested in a trust game) is initially high in a...

Persistent link: https://www.econbiz.de/10011048177

When less is more: Rationing and rent dissipation in stochastic contests

Faravelli, Marco; Stanca, Luca - In: Games and Economic Behavior 74 (2012) 1, pp. 170-183

This paper shows how to maximize revenue when a contest is noisy. We consider a case where two or more contestants bid for a prize in a stochastic contest where all bidders value the prize equally. We show that, whenever a Tullock contest yields under-dissipation, the auctioneerʼs revenue can...

Persistent link: https://www.econbiz.de/10011049893

Are women more sensitive to the decision-making context?

Miller, Luis; Ubeda, Paloma - In: Journal of Economic Behavior & Organization 83 (2012) 1, pp. 98-104

We conduct an experiment to assess gender differences across different economic contexts. Specifically, we test whether women are more sensitive to the decision-making context in situations that demand the use of different fairness principles. We find that women adopt more often than men...

Persistent link: https://www.econbiz.de/10010576939

Big experimenter is watching you! Anonymity and prosocial behavior in the laboratory

Barmettler, Franziska; Fehr, Ernst; Zehnder, Christian - In: Games and Economic Behavior 75 (2012) 1, pp. 17-34

Researchers have demonstrated that the presence of people with social preferences has important economic implications. However, the empirical basis of this research relies to a large extent on experiments that do not provide anonymity between experimenter and subject. It has been argued that...

Persistent link: https://www.econbiz.de/10010577246

"Do We Follow Others when We Should? A Simple Test of Rational Expectations": Comment

Ziegelmeyer, Anthony; March, Christoph; Krügel, Sebastian - Wirtschaftswissenschaftliche Fakultät, … - 2012

Weizsäcker (2010) estimates the payoff of actions to test rational expectations and to measure the success of social learning in information cascade experiments. He concludes that participants perform poorly when learning from others and that rational expectations are violated. We show that his...

Persistent link: https://www.econbiz.de/10009492964

Defending a Star: Coordinating the Defense of a Network

Garner, Kory M. - NET Institute - 2012

This experiment focuses on a contest played over a star network of 6 nodes. By placing targets in a network, the value of a target is dependent on its connectivity to other targets. The experiment compares the cases where the defense is centrally planned by a defense planner with a case where...

Persistent link: https://www.econbiz.de/10010615272

Do We Follow Private Information when We Should? Laboratory Evidence on Nave Herding

March, Christoph; Krügel, Sebastian; Ziegelmeyer, Anthony - Wirtschaftswissenschaftliche Fakultät, … - 2012

We investigate whether experimental participants follow their private information and contradict herds in situations where it is empirically optimal to do so. We consider two sequences of players, an observed and an unobserved sequence. Observed players sequentially predict which of two options...

Persistent link: https://www.econbiz.de/10010616571

Single versus multiple-prize all-pay auctions to finance public goods: An experimental analysis

Faravelli, Marco; Stanca, Luca - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 677-688

This paper presents an experimental comparison of single and multiple-prize all-pay auctions as fundraising mechanisms to finance public goods. We consider a setting characterized by heterogenous incomes and incomplete information, where single and multiple-prize incentive mechanisms are...

Persistent link: https://www.econbiz.de/10010573026

Why Do Environmental Taxes Work Better in Developed Countries?

Coria, Jessica; Villegas-Palacio, Clara; Cárdenas, J.C. - Nationalekonomiska institutionen, Handelshögskolan - 2012

We compare of the performance of emission taxes between Colombia and Sweden in an experimental setting where subjects are regulated through environmental taxes and had to decide on emission levels, compliance behavior, and adoption of an environmentally friendly technology. Our design allows us...

Persistent link: https://www.econbiz.de/10009399315

Norms, cognitive dissonance, and cooperative behaviour in laboratory experiments

Wichardt, Philipp C. - In: International Journal of Social Economics 39 (2012) 5, pp. 342-356

in less or non‐social economic contexts, focusing in particular on economic laboratory experiments, and to illustrate the …‐social environments as often created in economic laboratory experiments. Moreover, the conditions for cognitive dissonance effects to … common cooperative social norms is difficult to “anonymise away” in laboratory experiments or other less socially focused …

Persistent link: https://www.econbiz.de/10014805731