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Masella, Paolo; Meier, Stephan; Zahn, Philipp - In: Games and Economic Behavior 86 (2014) C, pp. 12-25

This paper investigates in a principal–agent environment whether and how group membership influences the effectiveness of incentives and when incentives can have “hidden costs”, i.e., a detrimental effect. We show experimentally that in all interactions control mechanisms can have hidden...

Persistent link: https://www.econbiz.de/10011049787

Whom do you distrust and how much does it cost? An experiment on the measurement of trust

McEvily, Bill; Radzevick, Joseph R.; Weber, Roberto A. - In: Games and Economic Behavior 74 (2012) 1, pp. 285-298

to the target of trust. We conduct an experiment in which we vary the target of trust among passersby at several … consistent with trust elicited using attitudinal measures and with actual trustworthiness. Risk aversion and altruism do not …

Persistent link: https://www.econbiz.de/10011049788

The interaction between explicit and relational incentives: An experiment

Sloof, Randolph; Sonnemans, Joep - In: Games and Economic Behavior 73 (2011) 2, pp. 573-594

We consider repeated trust game experiments to study the interplay between explicit and relational incentives. After having gained experience with two payoff variations of the trust game, subjects in the final part explicitly choose which of these two variants to play. Theory predicts that...

Persistent link: https://www.econbiz.de/10010573646

The crowding-out effect of formal insurance on informal risk sharing: An experimental study

Lin, Wanchuan; Liu, Yiming; Meng, Juanjuan - In: Games and Economic Behavior 86 (2014) C, pp. 184-211

and laboratory experiment. Our model and simulation predict that the crowding out of private transfers is often more than … one-for-one and will reduce the total risk coverage. Furthermore, the existence of a moderate degree of altruism … by the laboratory experiment, except that the crowding-out effect is not more than one-for-one, and hence the total risk …

Persistent link: https://www.econbiz.de/10010785203

Why do people rate? Theory and evidence on online ratings

Lafky, Jonathan - In: Games and Economic Behavior 87 (2014) C, pp. 554-570

The rapid growth of online retail in the last decade has led to widespread use of consumer-generated ratings. This paper theoretically and experimentally identifies influences that drive consumers to rate products and examines how those factors can create distortions in product ratings. By...

Persistent link: https://www.econbiz.de/10011049716

Comparative statics of altruism and spite

Milchtaich, Igal - In: Games and Economic Behavior 75 (2012) 2, pp. 809-831

altruism, spite or complete selfishness, respectively. As it turns out, even in a symmetric interaction the equilibrium level … unstable. If they are stable, the social payoff can only increase or remain unchanged with an increasing degree of altruism. In …

Persistent link: https://www.econbiz.de/10011049844

Modelling change in individual characteristics: An axiomatic framework

Dietrich, Franz - In: Games and Economic Behavior 76 (2012) 2, pp. 471-494

Economic models describe individuals by underlying characteristics, such as the degree to which they like music, have sympathy, want success, need recognition, etc. In reality, such characteristics change through experiences: taste for Mozart changes through attending concerts, sympathy through...

Persistent link: https://www.econbiz.de/10010588263

Digit ratios, the menstrual cycle and social preferences

Buser, Thomas - In: Games and Economic Behavior 76 (2012) 2, pp. 457-470

We examine whether social preferences are partially determined by biological factors. We do this by investigating whether digit ratios (2D:4D) and menstrual cycle information are correlated with choices in ultimatum, trust, public good and dictator games. Digit ratios are thought to be a proxy...

Persistent link: https://www.econbiz.de/10010588268

Out-of-equilibrium performance of three Lindahl mechanisms: Experimental evidence

Van Essen, Matthew; Lazzati, Natalia; Walker, Mark - In: Games and Economic Behavior 74 (2012) 1, pp. 366-381

We describe an experimental comparison of the out-of-equilibrium performance of three allocation mechanisms designed to achieve Lindahl outcomes as Nash equilibria: the mechanisms due to Walker (1981), Kim (1993), and Chen (2002). We find that Chenʼs mechanism, which is supermodular, converges...

Persistent link: https://www.econbiz.de/10011049821

“Bucket auctions” for charity

Carpenter, Jeffrey; Holmes, Jessica; Matthews, Peter Hans - In: Games and Economic Behavior 88 (2014) C, pp. 260-276

Donations in-kind can be a mixed blessing for charities, who are often more adept at solicitation than resale. Many organizations rely on raffles to turn donations into cash, but auctions are also common. Theory predicts that all-pay mechanisms should produce more revenue than winner-pay...

Persistent link: https://www.econbiz.de/10011117127