Showing 1 - 10 of 51
The paper surveys the experimental literature on centralized matching markets, covering school choice and college admissions models. In the school choice model, one side of the market (schools) is not strategic, and rules (priorities) guide the acceptance decisions. The model covers applications...
Persistent link: https://www.econbiz.de/10012627987
We report experimental evidence showing a positive effect of redistribution on economic efficiency via the self-enforcement of property rights, and identify which status groups benefit more and which less. We model an economy in which wealth is produced if players voluntarily comply with...
Persistent link: https://www.econbiz.de/10014504242
We investigate contract negotiations in the presence of externalities and asymmetric information in a controlled laboratory experiment. In our setup, it is commonly known that it is always ex post efficient for player A to implement a project that has a positive external effect on player B ....
Persistent link: https://www.econbiz.de/10015179588
We experimentally study competitive markets with socially responsible production. Our main focus is on the producers' decision whether or not to reveal the degree of social responsibility of their product. Compared to two benchmark cases where either full transparency is enforced or no...
Persistent link: https://www.econbiz.de/10015193276
A large strand of research has documented negative behavioral responses to redistribution, like lower effort and wasteful avoidance activity. We report experimental evidence showing a positive effect of redistribution on economic efficiency via the self-enforcement of property rights, and...
Persistent link: https://www.econbiz.de/10013299175
We present experimental results on a repeated coordination game with Pareto-ranked equilibria in which a payoff from choosing an action is positive only if a critical mass of players choose that action. We design a baseline version of the game in which payoffs remain constant for values above...
Persistent link: https://www.econbiz.de/10005711736
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We present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary incentives for revealing the actual estimation of others' behavior. In each session and round, sixteen subjects make a choice between two options simultaneously. Then they estimate the...
Persistent link: https://www.econbiz.de/10005678677