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empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … price or all-pay raises the most money. Our experiment suggests that both the all-pay and second price formats are dominated … by the first price auction. Our design also allows us to identify differential participation as the source of the …
Persistent link: https://www.econbiz.de/10010271934
When a multi-plant firm must close one unit due to declining demand it can choose between two alternatives. On the one hand, the firm can announce a certain span of time in which the plants are evaluated according to relative performance with the least performing plant being shut down in the end...
Persistent link: https://www.econbiz.de/10010269831
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10010287655
We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups …
Persistent link: https://www.econbiz.de/10010282262
Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental improvements and modifications made upon the...
Persistent link: https://www.econbiz.de/10010268378
Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental improvements and modifications made upon the...
Persistent link: https://www.econbiz.de/10005822187
We report the results of a field experiment with bicycle messengers in Switzerland and the United States. Messenger …
Persistent link: https://www.econbiz.de/10010267460
on a field experiment conducted with workers from a fishing community in Toyama Bay, Japan. Our participants are employed … different amounts of competition on-the-job and that these differences explain differences in cooperation in our experiment …
Persistent link: https://www.econbiz.de/10010267647
The population of most developed societies is 'graying'. As life expectancy increases and the large baby-boom generation approaches retirement age, this has critical consequences for maintaining a high standard of living and the sustainability of pension systems. In the light of these...
Persistent link: https://www.econbiz.de/10010267704
another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple … change consumption according to the suggestion of the label. A controlled laboratory experiment confirms this result and …
Persistent link: https://www.econbiz.de/10010268624