Showing 1 - 10 of 110
There has been an extensive research literature on auctions, but recent developments in technology have resulted in new interest in auction mechanisms as a practical way of allocating resources. This paper presents a new double-auction mechanism to handle resource allocation for public goods...
Persistent link: https://www.econbiz.de/10009218216
This paper argues that the architecture of a codebase is a critical factor that lies at the heart of the open source development process. We define two observable properties of an architecture: (1) modularity and (2) option value. Developers can often make informed judgments about modularity and...
Persistent link: https://www.econbiz.de/10009191452
, both of which affect subjects' monetary payoffs. The results of our experiment show that private incentives for …
Persistent link: https://www.econbiz.de/10009191641
introduces advice giving into the standard social-learning experiment of Çelen and Kariv (Çelen, B., S. Kariv. 2005. An … experimental test of observational learning under imperfect information. Econom. Theory 26(3) 677-699). The experiments are …
Persistent link: https://www.econbiz.de/10009209309
the TIMS experiment society members received an experimental approval ballot along with their official plurality ballot … the type usually emphasized in the approval voting literature. The experiment demonstrated the practicality of approval … approval winner had broader support in the electorate than the plurality winner. The experiment also provided empirical data on …
Persistent link: https://www.econbiz.de/10009218237
shape negotiation behavior considerably. By using the novel setup of a Übargaining with claimsÝ experiment, we provide new …
Persistent link: https://www.econbiz.de/10009197733
A real-effort experiment is investigated in which supervisors have to rate the performance of individual workers who in …
Persistent link: https://www.econbiz.de/10010990435
Firms are often organized into groups. Group membership has been shown empirically to have positive effects, in the form of increased prosocial behavior toward in-group members. This includes an enhanced willingness to engage in altruistic punishment of inefficient defection. Our paper provides...
Persistent link: https://www.econbiz.de/10010990487
A symmetric distribution of information, although omnipresent in real markets, is rarely considered in experimental economics. We study whether information about imminent future dividends can abate bubbles in experimental asset markets. We find that markets with asymmetrically informed traders...
Persistent link: https://www.econbiz.de/10010990559
The purpose of this study is to investigate the <i>use of</i> competitive compensation between a manager and a worker in the laboratory. To this end, we impose a simple agency relationship between two groups of subjects termed managers and workers. The manager chooses a compensation scheme for the...
Persistent link: https://www.econbiz.de/10010990577