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Privately contributing to public goods over time : an experimental study

Güth, Werner; Levati, Maria Vittoria; Stiehler, Andreas - 2002

Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...

Persistent link: https://www.econbiz.de/10009620765

Auctions and fair division games : a cross-cultural bidding experiment

Ivanova-Stenzel, Radosveta - 2000

-contests compares the bid function in both countries, some features of the bidding behavior (learning of risk neutral equilibrium …

Persistent link: https://www.econbiz.de/10009583890

Low price equilibrium in multi-unit auctions : the GSM spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The second–generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction. The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical...

Persistent link: https://www.econbiz.de/10009613604

Initial offerings of options

Müller, Sigrid M. - 2001

This paper considers the introduction of stock options in an (dynamically) incomplete securities market made up of a riskless bond and the stock. The stock price follows a geometric Brownian motion with constant drift. However, there is incomplete information about the unknown stochastic...

Persistent link: https://www.econbiz.de/10009613613

Framing effects on asset markets : an experimental analysis

Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - 2001

the correspondence of different experimental risk elicitation methods. Overall, 64 participants traded two assets on eight …) found little correspondence between different experimental risk elicitation methods. -- Prospect Theory ; Framing … ; Disposition Effect ; Financial Markets ; Risk Attitude …

Persistent link: https://www.econbiz.de/10009613618

Mental accounting and the impact of tax penalty and audit frequency on the declaration of income : an experimental analysis

Maciejovsky, Boris; Kirchler, Erich; Schwarzenberger, … - 2001

loss that one tries to "repair" by risk seeking behavior. Participants who increased their net asset holdings declared less …

Persistent link: https://www.econbiz.de/10009613619

The Swiss UMTS spectrum auction flop : bad luck or bad design?

Wolfstetter, Elmar - 2001

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments, which could not have been anticipated, we argue that auction design which was introduced in England and adopted in Switzerland and...

Persistent link: https://www.econbiz.de/10009614291

The third generation (UMTS) spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...

Persistent link: https://www.econbiz.de/10009615427

Comparative study of one-bid versus two-bid auctions

Ivanova-Stenzel, Radosveta; Sonsino, Doron - 2001

subjects' behavior conform to the equilibrium predictions for risk-averse subjects. We also report some discrepancies between …

Persistent link: https://www.econbiz.de/10009615428

Transactions that did not happen and their influence on prices

Kirman, Alan P.; Härdle, Wolfgang; Schulz, Rainer; … - 2002

This paper studies data from the wholesale fruit and vegetables market in Marseille. The special feature of the data is that we have details of counteroffers to the prices that were proposed by the seller even when no transaction took place. Each offer, counteroffer and refusal conveys...

Persistent link: https://www.econbiz.de/10009624846