Showing 1 - 10 of 121
Conflict can cause negative externalities to arise, and this can result in economic loss. Such externalities are also … this hypothesis, the present paper explores how the degree of conflict between rich and poor people is associated with … where people perceive conflict between rich and poor to be high; (2) an individual is more likely to consider the income …
Persistent link: https://www.econbiz.de/10011421469
analysis illuminates the essential role of economic subgroups, such as firms, in achieving some degree of cooperation in an …
Persistent link: https://www.econbiz.de/10010332332
We propose the minimum approval mechanism (MAM) for a standard linear public good environment with two players. Players simultaneously and privately choose their contributions to the public good in the first stage. In the second stage, they simultaneously decide whether to approve the other's...
Persistent link: https://www.econbiz.de/10010332274
In multi-object auction models with unitary demand agents, if agents’ utility functions satisfy quasi-linearity, three auction formats, sealed-bid auction, exact ascending auction, and approximate ascending auction, are known to identify the minimum price equilibrium (MPE), and exhibit...
Persistent link: https://www.econbiz.de/10012544008
This paper presents a result of a voluntary contribution mechanism experiment with partial communication. We found that the trend of mean investments depended on whether a communication network was connected or not and on how fast all subjects could share information.
Persistent link: https://www.econbiz.de/10008509300
This paper studies public good provision in the laboratory using voluntary contribution mechanism, in a cross-cultural experiment conducted in the United States and Japan.
Persistent link: https://www.econbiz.de/10008458115
We propose the minimum approval mechanism (MAM) for a standard linear public good environment with two players. Players simultaneously and privately choose their contributions to the public good in the first stage. In the second stage, they simultaneously decide whether to approve the other’s...
Persistent link: https://www.econbiz.de/10014157950
Conflict can cause negative externalities to arise, and this can result in economic loss. Such externalities are also … this hypothesis, the present paper explores how the degree of conflict between rich and poor people is associated with … where people perceive conflict between rich and poor to be high; (2) an individual is more likely to consider the income …
Persistent link: https://www.econbiz.de/10013049677
In a second-price sequential auction with both global and local bidders, we explore the optimal order for selling heterogeneous goods to maximize efficiency or revenue. Our findings indicate that selling the good with very small variance (almost-zero variance) first yields higher revenue, while...
Persistent link: https://www.econbiz.de/10015209768
We study a signaling game where agents signal their type by choosing when to quit pursuing an uncertain project. High types observe news about project quality and quit when bad news arrives. This creates opportunities for low types who do not observe any news to mimic high types by quitting...
Persistent link: https://www.econbiz.de/10015209998