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The impact of delay : evidence from formal out-of-court restructuring

Srhoj, Stjepan; Kovač, Dejan; Shapiro, Jacob N.; … - 2021 - This draft August 11, 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/10012600992

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

Buscha, Franz; Müller, 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/10011591979

The roots of cooperation

Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 2021

and indirect reciprocity as well as third-party punishment - emerges earliest as an effective means to increase … cooperation in a repeated prisoner's dilemma game. We find that third-party punishment exhibits a strikingly positive effect on … cooperation rates by doubling them in comparison to a control condition. It promotes cooperative behavior even before punishment …

Persistent link: https://www.econbiz.de/10012591195

Ostracism and theft in heterogeneous groups

Baier, Alexandra; Balafoutas, Loukas; Jaber-Lopez, Tarek - 2021 - This version: 22.06.2021

Ostracism, or exclusion by peers, has been practiced since ancient times as a severe form of punishment against … form of punishment and decreases theft by excluded members once they are re-admitted into the group. However, it also leads …

Persistent link: https://www.econbiz.de/10012591202

Gender, competition and the efficiency of policy interventions

Balafoutas, Loukas; Sutter, Matthias - 2010

Persistent link: https://www.econbiz.de/10008657772

Revealed distributional preferences : individuals vs. teams

Balafoutas, Loukas; Kerschbamer, Rudolf; Kocher, Martin; … - 2013 - This version: 24 June 2013

We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...

Persistent link: https://www.econbiz.de/10009764814

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

Campos-Ortiz, Francisco; Putterman, Louis G.; 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/10009742593

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/10009742616

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/10009743409

Resource scarcity, spite and cooperation

Prediger, Sebastian; Vollan, Björn; Herrmann, Benedikt - 2013

Using an experimental approach, this paper examines how scarcity of natural resources affects people's readiness to cooperate and to engage in antisocial behaviour. The experiments were carried out with pastoralists from southern Namibia whose livelihoods are highly dependent on grazing...

Persistent link: https://www.econbiz.de/10009744188