Search Results - subject:"experiments."

Can genetic algorithms explain experimental anomalies? An application to common property resources

Casari, Marco - Departament d'Economia i Història Econòmica, … - 2002

from common property resource experiments (Casari and Plott, 2003). Instead of positing individual-specific utility … experiments. …

Persistent link: https://www.econbiz.de/10005823886

The Effect of Candidate Quality on Electoral Equilibrium: An Experimental Study

Aragones, Enriqueta; Palfrey, Thomas R. - Departament d'Economia i Història Econòmica, … - 2002

uncertainty about the location of the median voter. We test these three predictions using laboratory experiments, and find strong …

Persistent link: https://www.econbiz.de/10005823926

Experimentally Observed Imitation and Cooperation in Price Competition on the Circle

Selten, Reinhard; Apesteguia, Jose - University of Bonn, Germany - 2002

willingness to pay. Experiments, extended over 200 periods, were run with 3, 4, and 5 participants. Subjects did not receive any …

Persistent link: https://www.econbiz.de/10005032209

Tax Evasion and the Source of Income

Gërxhani, Klarita; Schram, Arthur - Tinbergen Institute - 2002

A series of experiments in Albania and the Netherlands give us the opportunity to compare behavioral patterns related …

Persistent link: https://www.econbiz.de/10005137024

Asymmetric demand information in uniform and discriminatory call auctions: an experimental analysis motivated by electricity markets

Abbink, Klaus; Brandts, Jordi; McDaniel, Tanga - Departament d'Economia i Història Econòmica, … - 2002

We study the outcomes of experimental multi-unit uniform and discriminatory auctions with demand uncertainty. Our study is motivated by the ongoing debate about market design in the electricity industry. Our main aim is to compare the effect of asymmetric demand-information between sellers on...

Persistent link: https://www.econbiz.de/10005168467

Benefit Entitlement and the Labor Market: Evidence from a Large-Scale Policy Change

Lalive, Rafael; Zweimüller, Josef - CESifo - 2002

This paper analyzes the impact of the Austrian Regional Extended Benefit Program (REBP) on the labor market outcomes for elderly workers in Austria. The REBP extended entitlement to regular unemployment benefits from 30 weeks to a maximum of 209 weeks for elderly individuals in certain regions....

Persistent link: https://www.econbiz.de/10005181435

Do Forward Markets Enhance Competition? Experimental Evidence

Le Coq, Chloé; Orzen, Henrik - Economics Institute for Research (SIR), … - 2002

-enhancing effect. Keywords: Cournot Competition; Forward Markets; Spot Markets; Experiments. JEL Classification Numbers: C72, C92 … their help in conducting the experiments. We gratefully acknowledge funding for the project from Sydkraft AB and the ESRC … laboratory. Previous experimental work has investigated other aspects of forward markets. Sunder (1995) reviews experiments …

Persistent link: https://www.econbiz.de/10005190907

Price Bubbles Sans Dividend Anchors: Evidence from Laboratory Stock Markets

Hirota, Shin'ichi; Sunder, Shyam - School of Management, Yale University - 2002

We experimentally explore how investor decision horizons influence the formation of stock prices. We find that in long-horizon sessions, where investors collect dividends till maturity, prices converge to the fundamental levels derived from dividends through backward induction. In short-horizon...

Persistent link: https://www.econbiz.de/10008853017

Redesigning Teams and Incentives:A Real Effort Experiment with Managers of a Merged Company

Montmarquette, Claude; Rullière, Jean-Louis; Villeval, … - HAL - 2002

After a merger, company officials face the challenge to uniform compensation schemes and to redesign teams with managers originating from different incentives and working habits. In this paper, we offer a new way to investigate in post-merger the relationship between executive pay and...

Persistent link: https://www.econbiz.de/10008788808

Modelling Transactions with Ultimatum Games: An Experiment on Certification

Guerra, Gerardo A. - Department of Economics, Oxford University - 2002

Ultimatum games have been extensively used in experimental studies. By studying the consequences that restrictions shared by ultimatum games have in subject`s behaviour, this paper argues that some results are falsified by design constraints. This paper also presets a taxonomy of certification,...

Persistent link: https://www.econbiz.de/10010604902