Showing 1 - 10 of 47
We study competitive market outcomes in economies where agents have other-regarding preferences. We identify a separability condition on monotone preferences that is necessary and sufficient for one's own demand to be independent of the allocations and characteristics of other agents in the...
Persistent link: https://www.econbiz.de/10005114265
We conduct a laboratory experiment of second-price sealed bid auctions of a common value good with two bidders. Bidders …
Persistent link: https://www.econbiz.de/10011165658
We use a laboratory experiment to explore dynamic network formation in a six-player game where link creation requires …
Persistent link: https://www.econbiz.de/10011084506
Employing a variant of GARP, we study consistency in aging by comparing the choices of younger adults (YA) and older adults (OA) in a 'simple', two-good and a `complex' three-good condition. We find that OA perform worse than YA in the complex condition but similar in the simple condition....
Persistent link: https://www.econbiz.de/10011186610
We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a …
Persistent link: https://www.econbiz.de/10011145479
Laboratory experiments are a widely used methodology for advancing causal knowledge in the physical and life sciences. With the exception of psychology, the adoption of laboratory experiments has been much slower in the social sciences, although during the last two decades, the use of lab...
Persistent link: https://www.econbiz.de/10008468582
There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games. Yet, when they are given the opportunity to punish...
Persistent link: https://www.econbiz.de/10005504682
In almost all European Union countries, the gender wage gap is increasing across the wages distribution. In this lecture I briefly survey some recent studies aiming to explain why apparently identical women and men receive such different returns and focus especially on those incorporating...
Persistent link: https://www.econbiz.de/10005082540
This paper studies the effects that the revelation of information on the electorate's preferences has on voters' turnout decisions. The experimental data show that closeness in the division of preferences induces a significant increase in turnout. Moreover, for closely divided electorates (and...
Persistent link: https://www.econbiz.de/10005661831
environment. A laboratory experiment is conducted, where trade is found to occur between 16% and 32% of the time, depending on the …
Persistent link: https://www.econbiz.de/10005661979