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Negotiating Cooperation Under Uncertainty : Communication in Noisy, Indefinitely Repeated Interactions

Dvorak, Fabian - 2018

Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well understood. We study cooperation under different monitoring...

Persistent link: https://www.econbiz.de/10012908872

Information, Uncertainty, and Subjective Entitlements in Bargaining

Karagözoğlu, Emin - 2010

More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...

Persistent link: https://www.econbiz.de/10013139946

Costless Discrimination and Unequal Achievements in a Labour Market Experiment

Filippin, Antonio - 2011

We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups compete for a monetary prize, submitting independent bids to an auctioneer. The auctioneer receives perfect information about the bids (i.e. there is no statistical discrimination),...

Persistent link: https://www.econbiz.de/10013117398

Competing with Asking Prices

Lester, Benjamin - 2013

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...

Persistent link: https://www.econbiz.de/10013087422

Publish or Perish? Incentives and Careers in Italian Academia

Checchi, Daniele - 2014

We derive a theoretical model of effort in the presence of career concern based on the multi-unit all-pay auction, and closely inspired by the Italian academic market. In this model, the number of applicants, the number of new posts, and the relative importance of the determinants of promotion...

Persistent link: https://www.econbiz.de/10013049745

Search Frictions, Competing Mechanisms and Optimal Market Segmentation

Cai, Xiaoming - 2016

In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...

Persistent link: https://www.econbiz.de/10012990861

'Buy-it-Now' or 'Sell-it-Now' Auctions : Effects of Changing Bargaining Power in Sequential Trading Mechanisms

Grebe, Tim - 2015

We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price prior to the auction; whereas in the "Sell-It-Now"...

Persistent link: https://www.econbiz.de/10013009500

Multiple Applications, Competing Mechanisms, and Market Power

Albrecht, James W. - 2019

We consider a labor market with search frictions in which workers make multiple applications and firms can post and commit to general mechanisms that may be conditioned both on the number of applications received and on the number of offers received by its candidate. When the contract space...

Persistent link: https://www.econbiz.de/10012864863

Loss Aversion in Taste-Based Employee Discrimination : Evidence from a Choice Experiment

Lippens, Louis; Baert, Stijn; Derous, Eva - 2022

Using a choice experiment, we test whether taste-based employee discrimination against ethnic minorities is susceptible to loss aversion. In line with empirical evidence from previous research, our results indicate that introducing a hypothetical wage penalty for discriminatory choice behaviour...

Persistent link: https://www.econbiz.de/10014088280

The "Bomb" Risk Elicitation Task

Crosetto, Paolo - 2012

This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes … truncation of the data, allows to precisely estimate both risk aversion and risk seeking, and is not affected by the degree of … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …

Persistent link: https://www.econbiz.de/10013103490