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The Impact of Delay: Evidence from Formal Out-of-Court Restructuring

Srhoj, Stjepan; Kovaéc, Dejan; Shapiro, Jacob N.; … - 2021

Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a "pre-bankruptcy...

Persistent link: https://www.econbiz.de/10012614685

Can a common currency foster a shared social identity across different nations? The case of the euro

Buscha, Franz; Muller, Daniel; Page, Lionel - 2017

Fostering the emergence of a "European identity" was one of the declared goals of the euro adoption. Now, years after the physical introduction of the common currency, we investigate whether there has been an effect on a shared European identity. We use two different datasets in order to assess...

Persistent link: https://www.econbiz.de/10011662170

Choosing the carrot or the stick? Endogenous institutional choice in social dilemma situations

Sutter, Matthias; Haigner, Stefan; Kocher, Martin G. - 2008

choice, groups typically vote for the reward option, even though punishment is actually more effective in sustaining high …

Persistent link: https://www.econbiz.de/10010293404

Group Membership, Competition, and Altruistic versus Antisocial Punishment: Evidence from Randomly Assigned Army Groups

Goette, Lorenz; Huffman, David; Meier, Stephan - 2010

punishment behavior. Our study uses experiments conducted with 525 officers in the Swiss Army, and exploits random assignment to … prisoner's dilemma game with in-group as opposed to out-group members. They also use a costly punishment option to selectively … stronger in-group cooperation, but also a qualitative change in punishment: punishment becomes anti-social, harming cooperative …

Persistent link: https://www.econbiz.de/10010294796

Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries

Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - 2012

We study experimentally the protection of property in five widely distinct countries-Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly different...

Persistent link: https://www.econbiz.de/10010312222

Beliefs and truth-telling: A laboratory experiment

Peeters, Ronald; Vorsatz, Marc; Walzl, Markus - 2012

We conduct a laboratory experiment with a constant-sum sender-receiver game to investigate the impact of individuals' first- and second-order beliefs on truth-telling. While senders are more likely to lie if they expect the receiver to trust their message (which is in line with expected payoff...

Persistent link: https://www.econbiz.de/10010312234

No myopic loss aversion in adolescents? An experimental note

Glätzle-Rützler, Daniela; Sutter, Matthias; Zeileis, Achim - 2013

Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and...

Persistent link: https://www.econbiz.de/10010312240

Distributional Preferences and Competitive Behavior

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2011

We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-minded and inequality averse subjects. However, when given...

Persistent link: https://www.econbiz.de/10010294780

Gender, competition and the efficiency of policy interventions

Balafoutas, Loukas; Sutter, Matthias - 2010

Recent research has shown that women shy away from competition more often than men. We evaluate experimentally three alternative policy interventions to promote women in competitions: Quotas, Preferential Treatment, and Repetition of the Competition unless a critical number of female winners is...

Persistent link: https://www.econbiz.de/10010294806

The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence

Fehr, Ernst; Rützler, Daniela; Sutter, Matthias - 2011

We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an ingroup or an out-group...

Persistent link: https://www.econbiz.de/10010294807