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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
pivotal decision makers are blamed significantly more than non-pivotal decision makers. Moreover, we find that some voters … avoid being pivotal by voting strategically to delegate the pivotal vote to subsequent decision makers. …
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