We analyze two well-known matching mechanisms\the Gale-Shapley, and the Top Trading Cycles (TTC) mechanisms\in theexperimental lab in three different informational settings, and study the role of information in individual decision making. Our results suggest that\in line with the theory\in the...

Due to its simplicity the plurality voting system is frequently used to choose a common representative or project. Nevertheless it may fail to provide a socially efficient decision as a majority can outvote any minority even if the majority's gain does not compensate the loss suffered by the...

We present an experimental study where we analyze three well-known matching mechanisms. the Boston, the Gale-Shapley, and the Top Trading Cycles mechanisms. in di¤erent informational settings. Our experimental results are consistent with the theory, suggesting that the TTC mechanism outperforms...

Starting from Schelling (1960), several game theorists have conjectured that payoff equity might facilitate coordination in normal-form games with multiple equilibria ?the more equitable equilibrium might be selected either because fairness makes it focal or because many individuals dislike...

We comprehensively investigate misperceptions about pro-social behavior and the extent to which punishment and rewarding is under- or overestimated in laboratory experiments. Our games and treatments cover a large range of decision environments, in which there are different (i) trade-offs (e.g.,...

In this paper we study taxpayers’ behavior when confronted to different levels of tax rates in the lab. Using the decisions on the exerted effort and/or the declared tasks we also test the existence of a Laffer curve. We implemented a 2x2 design, combining the im/possibility of evading taxes...

This paper analyzes an auction mechanism that excludes overoptimistic bidders inspired by the rules of the procurement auctions adopted by several Japanese local governments. Our theoretical and experimental results suggest that the endogenous exclusion rule reduces the probability of suffering...

Due to its simplicity the plurality voting system is frequently used to choose a common representative or project. Nevertheless it may fail to provide a socially efficient decision as a majority can outvote any minority even if the majority's gain does not compensate the loss suffered by the...

In this paper we consider data from a large number of economic experiments, and look for demographic effects that may be a source of subject pool bias if not carefully accounted for in the subsequent statistical analysis. Our dataset contains information on 2,408 subjects and 597 experimental...