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Persistent link: https://www.econbiz.de/10003675359
more likely to win the auction when teams bid. -- UMTS auction ; team decision-making ; experiment ; winner's curse …We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction …
Persistent link: https://www.econbiz.de/10009731143
We analyze mechanism choices of competing sellers with private valuations and show the existence of monotone pure strategy equilibria where sellers with higher reservation value choose mechanisms with a lower selling probability and a larger revenue in case of trade. As an application we...
Persistent link: https://www.econbiz.de/10010428738
We analyze mechanism choices of competing sellers with private valuations and show the existence of monotone pure strategy equilibria where sellers with higher reservation value choose mechanisms with a lower selling probability and a larger revenue in case of trade. As an application we...
Persistent link: https://www.econbiz.de/10010470913
experiment is related to children’s risk attitudes and intertemporal choices. Examining such a relationship is motivated by …
Persistent link: https://www.econbiz.de/10010401354
According to the theory of guilt aversion, agents suffer a psychological cost whenever they fall short of other people's expectations. In this paper we suggest that there may be limits to this kind of motivation. We present evidence from an experimental dictator game showing that dictators...
Persistent link: https://www.econbiz.de/10011455212
a prisoner's dilemma game affects behavior and leads to discrimination. Running a framed field experiment with 828 six …
Persistent link: https://www.econbiz.de/10010529903
uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We … present a novel experiment where subjects can compete against each other, but where the number of winners is either uncertain …
Persistent link: https://www.econbiz.de/10011719839
, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment …
Persistent link: https://www.econbiz.de/10012019615
Persistent link: https://www.econbiz.de/10008657772