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The effect of random shocks on reciprocal behavior in dynamic principal-agent settings

Kerschbamer, Rudolf; Oexl, Regine - 2021

Previous work has shown that unobservable random shocks on output have a detrimental effect on effort provision in short-term ('static') employment relationships. Given the prevalence of long-term ('dynamic') relationships in firms, we investigate whether the impact of shocks is similarly...

Persistent link: https://www.econbiz.de/10012873010

What is trustworthiness and what drives it?

Cox, James C.; Kerschbamer, Rudolf; Neururer, Daniel - 2014

This paper reports the results of experiments designed to isolate the impact of various combinations of the following motives on trustworthiness: (i) unconditional other-regarding preferences - like altruism, inequality aversion, quasi-maximin, etc.; (ii) deal-responsiveness - reacting to...

Persistent link: https://www.econbiz.de/10011382716

Why did he do that? Using counterfactuals to study the effect of intentions in extensive form games

Engler, Yola; Kerschbamer, Rudolf; Page, Lionel - 2016

We investigate the role of intentions in two-player two-stage games. For this purpose we systematically vary the set of opportunity sets the first mover can chose from and study how the second mover reacts not only to opportunities of gains but also of losses created by the choice of the first...

Persistent link: https://www.econbiz.de/10011531595

Guilt from Promise-Breaking and Trust in Markets for Expert Services - Theory and Experiment

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2010

We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...

Persistent link: https://www.econbiz.de/10010294816

The roots of cooperation

Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021

and indirect reciprocity as well as third-party punishment - emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …

Persistent link: https://www.econbiz.de/10012614680

Ignorance, Intention and Stochastic Outcomes

Friedrichsen, Jana; Momsen, Katharina; Piasenti, Stefano - 2020

information. However, reciprocity of DMs is lower in the treatment where information on the partner's action is hidden. Our …

Persistent link: https://www.econbiz.de/10012609040

Bargaining or Searching for a Better Price? - An Experimental Study

Feri, Francesco; Gantner, Anita - 2010

This experimental study investigates two bargaining games with twosided incomplete information between a seller and a buyer. In the first game with no outside options many subjects do not use the incomplete information to their advantage as predicted. We find that a model with adjusting priors...

Persistent link: https://www.econbiz.de/10010294771

Social preferences during childhood and the role of gender and age: An experiment in Austria and Sweden

Martinsson, Peter; Nordblom, Katarina; Rützler, Daniela; … - 2010

We examine social preferences of Swedish and Austrian children and adolescents using the experimental design of Charness and Rabin (2002). We find that difference aversion decreases while social-welfare preferences increase with age.

Persistent link: https://www.econbiz.de/10010294772

Equality, Equity and Incentives: An Experiment

Balafoutas, Loukas; Kocher, Martin G.; Putterman, Louis; … - 2010

We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...

Persistent link: https://www.econbiz.de/10010294801

Social preferences in childhood and adolescence ? A large-scale experiment

Sutter, Matthias; Feri, Francesco; Kocher, Martin G.; … - 2010

Social preferences have been shown to be an important determinant of economic decision making for many adults. We present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions in eight simple, one-shot allocation tasks, allowing us...

Persistent link: https://www.econbiz.de/10010294821