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Property rights theory suggests that vertical integration is a sensible solution to hold-up problems and therefore improves social welfare. Theories of reciprocity, in contrast, suggest that vertical integration can reduce social welfare if it implies an unfair distribution. Translating the...
Persistent link: https://www.econbiz.de/10004970834
most frequently observed and discussed biases of financial investors. We investigate in a laboratory experiment whether the …
Persistent link: https://www.econbiz.de/10010735529
This paper presents results from an experiment on the effects of retail-price recommendations (RPRs) on consumer and …
Persistent link: https://www.econbiz.de/10010777752
peopleÕs interest in controlling who receives their private information. Participants of an experiment face the decision to …
Persistent link: https://www.econbiz.de/10010777753
potential market entrant in a repeated trade situation. In the experiment, buyer power can either occur as demand withholding …
Persistent link: https://www.econbiz.de/10010777754
Are people blamed for being pivotal if they implement an unpopular outcome in a sequential voting process? We conduct an experimental voting game and analyze how pivotality affects responsibility attribution by parties who can be negatively affected by the voting outcome. We measure...
Persistent link: https://www.econbiz.de/10010748032
experiment with funding contracts that differ in the structure of investor repayment and, therefore, in the incentives for …
Persistent link: https://www.econbiz.de/10010579490
Persistent link: https://www.econbiz.de/10005051699
We analyze the interplay between cooperation norms and people's punishment behavior in a social-dilemma game with multiple punishment stages. By combining multiple punishment stages with self- contained episodes of interaction, we are able to disentangle the e ects of retaliation and...
Persistent link: https://www.econbiz.de/10008542686
’ truth telling is absolute or depends on the size of a lie. In a laboratory experiment we compare punishment for different …
Persistent link: https://www.econbiz.de/10009644468