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"Forward induction and the excess capacity puzzle: An experimental investigation"
Brandts, Jordi; Cabrales, Antonio; Charness, Gary - Departament d'Economia i Història Econòmica, … - 2003
While the theoretical industrial organization literature has long argued that excess capacity can be used to deter entry into markets, there is little empirical evidence that incumbent firms effectively behave in this way. Bagwell and Ramey (1996) propose a game with a specific sequence of moves...
Persistent link: https://www.econbiz.de/10005582630
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Leadership and Overcoming Coordination Failure with Asymmetric Costs
Brandts, Jordi; Cooper, David J.; Fatas, Enrique - Departament d'Economia i Història Econòmica, … - 2006
We study how the heterogeneity of agents affects the extent to which changes in financial incentives can pull a group out of a situation of coordination failure. We focus on the connections between cost asymmetries and leadership. Experimental subjects interact in groups of four in a series of...
Persistent link: https://www.econbiz.de/10005572147
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On the equivalence between progressive taxation and inequality reduction
JU, Biung-Ghi; MORENO-TERNERO, Juan D. - Center for Operations Research and Econometrics (CORE), … - 2007
We establish the precise connections between progressive taxation and inequality reduction, in a setting where the level of tax revenue to be raised is endogenously fixed and tax schemes are balanced. We show that, in contrast with the traditional literature on taxation, the equivalence between...
Persistent link: https://www.econbiz.de/10005043071
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Progressivity, inequality reduction and merging-proofness in taxation
JU, Biung-Ghi; MORENO-TERNERO, Juan D. - Center for Operations Research and Econometrics (CORE), … - 2006
Progressivity, inequality reduction and merging-proofness are three wellknown axioms in taxation. We investigate implications of each of the three axioms through characterizations of several families of taxation rules and their logical relations. We also study the preservation of these axioms...
Persistent link: https://www.econbiz.de/10005043628
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Compensating the dead? Yes we can!
FLEURBAEY, Marc; LEROUX, Marie - Louise; PONTHIERE, Gregory - Center for Operations Research and Econometrics (CORE), … - 2010
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...
Persistent link: https://www.econbiz.de/10008836160
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Let's talk: How communication affects contract design
Brandts, Jordi; Charness, Gary; Ellman, Matthew - Departament d'Economia i Història Econòmica, … - 2012
We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...
Persistent link: https://www.econbiz.de/10010554806
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Fair Procedures. Evidence from Games Involving Lotteries
Bolton, Gary E.; Brandts, Jordi; Ockenfels, Axel - Departament d'Economia i Història Econòmica, … - 2000
Procedural fairness plays a prominent role in the social discourse concerning the marketplace in particular, and social … characteristic of allocation fairness, is important to procedural fairness: in the context of a random offer game, a biased outcome … is more readily accepted when chosen by an unbiased random draw than by one that is biased. Procedural fairness is …
Persistent link: https://www.econbiz.de/10005572242
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Organisational structure, communication and group ethics
Ellman, Matthew; Pezanis-Christou, Paul - Departament d'Economia i Història Econòmica, … - 2007
This paper investigates experimentally how organisational decision processes affect the moral motivations of actors inside a firm that must forego profits to reduce harming a third party. In a "vertical" treatment, one insider unilaterally sets the harm-reduction strategy; the other can only...
Persistent link: https://www.econbiz.de/10005168458
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How Universal is Behavior? A Four Country Comparison of Spite, Cooperation and Errors in Voluntary Contribution Mechanisms
Brandts, Jordi; Saijo, Tatsuyoshi; Schram, Arthur - Departament d'Economia i Història Econòmica, … - 2002
This paper studies behavior in experiments with a linear voluntary contributions mechanism for public goods conducted in Japan, the Netherlands, Spain and the USA. The same experimental design was used in the four countries. Our 'contribution function' design allows us to obtain a view of...
Persistent link: https://www.econbiz.de/10005168485
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On the adjudication of conflicting claims: an experimental study
HERRERO, Carmen; MORENO-TERNERO, Juan D.; PONTI, Giovanni - Center for Operations Research and Econometrics (CORE), … - 2006
This paper reports an experimental study on three well-known solutions for problems of adjudicating con icting claims: the constrained equal-awards, the proportional, and the constrained equal-losses rules. We first let subjects play three games designed such that the unique equilibrium...
Persistent link: https://www.econbiz.de/10005042979