that receive different wages. We present the first test of this component, which we call the fair uniform-wage hypothesis …. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …

replacement and a different color wins in each draw. The 50-50 risky urn turns out to have the highest risk conceivable among all … of SEU share the same predictions in our design, for any first-order risk attitude. Yet, we observe that substantial …

This paper reports findings of a laboratory experiment, which explores how elfassessment regarding the own relative …

We analyze a two-stage game between two heterogeneous players. At stage one, common risk is chosen by one of the … players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition … risk taking at stage one - an effort effect, a likelihood effect and a reversed likelihood effect. For the likelihood …

Crime has to be punished, but does punishment reduce crime? We conduct a neutrally framed laboratory experiment to test … of punishment. In our experiment, subjects can steal from another participant's payoff. Deterrent incentives vary across …

€“bid auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides … large amount of sales occurs already during the negotiation stage. We show that risk preferences can theoretically account …

her information. Having presented our formal analysis, we test these results using data from laboratory experiments. The …