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Contracting under Incomplete Information and Social Preferences: An Experimental Study

Hoppe, Eva I; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2013

cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …

Persistent link: https://www.econbiz.de/10011084433

Can Contracts Solve the Hold-Up Problem? Experimental Evidence

Hoppe, Eva I; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2009

direction, we have conducted a laboratory experiment with 490 participants. We consider "cooperative" investments that directly …

Persistent link: https://www.econbiz.de/10005067500

Gathering Information before Signing a Contract: Experimental Evidence

Hoppe, Eva I; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2009

report about an experiment with 508 participants designed to test whether this fundamental trade-off is actually relevant. In …

Persistent link: https://www.econbiz.de/10005789080

Network Structure and Strategic Investments: An Experimental Analysis

Rosenkranz, Stephanie; Weitzel, Utz - C.E.P.R. Discussion Papers - 2008

in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of …

Persistent link: https://www.econbiz.de/10005136539

Choosing the Stick or the Carrot? Endogenous Institutional Choice in Social Dilemma Situations

Haigner, Stefan; Kocher, Martin; Sutter, Matthias - C.E.P.R. Discussion Papers - 2006

We analyse an experimental public goods game in which group members can endogenously determine whether they want to supplement a standard voluntary contribution mechanism with the possibility of rewarding or punishing other group members. We find a large and positive effect of endogenous...

Persistent link: https://www.econbiz.de/10005114368

Bargaining with Imperfect Enforcement

White, Lucy; Williams, Mark - C.E.P.R. Discussion Papers - 2006

The game-theoretic bargaining literature insists on non-cooperative bargaining procedure but allows 'cooperative' implementation of agreements. The effect of this is to allow free-reign of bargaining power with no check upon it. In reality, courts cannot implement agreements costlessly, and...

Persistent link: https://www.econbiz.de/10005662212

Naked exclusion: Towards a behavioral approach to exclusive dealing

Boone, Jan; Müller, Wieland; Suetens, Sigrid - C.E.P.R. Discussion Papers - 2009

We report experimental results on exclusive dealing inspired by the literature on "naked exclusion.'' Our key findings are: First, exclusion of a more efficient entrant is a widespread phenomenon in lab markets. Second, allowing incumbents to discriminate between buyers increases exclusion rates...

Persistent link: https://www.econbiz.de/10004991543

Experimental Evidence on the Persistence of Output and Inflation

Adam, Klaus - C.E.P.R. Discussion Papers - 2005

This paper presents experimental evidence from a monetary sticky price economy in which output and inflation depend on expected future inflation. With rational inflation expectations, the economy does not generate persistent deviations of output and inflation in response to a monetary shock. In...

Persistent link: https://www.econbiz.de/10005791429

Preferences for Consistency

Falk, Armin; Zimmermann, Florian - C.E.P.R. Discussion Papers - 2011

strength. We then present three experiments that study main predictions and implications of the model. The first is a simple … principal-agent experiment that shows that consistency is valued by others and that this value is anticipated. The second … experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …

Persistent link: https://www.econbiz.de/10009293989

Cardiovascular Consequences of Unfair Pay

Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment … experiment we record agents' heart rate variability. The latter is an indicator of stress-related impaired cardiac autonomic …

Persistent link: https://www.econbiz.de/10009144731