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Individuals and teams in UMTS-license auctions

Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007

Persistent link: https://www.econbiz.de/10003675359

Individuals and teams in UMTS-license auctions

Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007 - This version: 15 October 2007

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

Competing trade mechanisms and monotone mechanism choice

Feess, Eberhard; Grund, Christian; Walzl, Markus; … - 2014 - This version: November 3, 2014

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

Competing trade mechanisms and monotone mechanism choice

Feess, Eberhard; Grund, Christian; Walzl, Markus; … - 2015 - This version: December 19, 2014

Persistent link: https://www.econbiz.de/10010470913

The banker's oath and financial advice

Weitzel, Utz; Kirchler, Michael - 2021

Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether moral nudges that directly and indirectly remind financial advisers of their oath affect...

Persistent link: https://www.econbiz.de/10012431886

The banker's oath and financial advice

Weitzel, Utz; Kirchler, Michael - 2022

Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether nudges that (in)directly remind financial advisers of their oath affect their service. In...

Persistent link: https://www.econbiz.de/10013373153

Public procurement and supplier job creation : insights from auctions

Srhoj, Stjepan; Dragojević, Melko - 2021 - This draft October 5, 2021

Public procurement contracts (PPCs) of goods, services and works is about one tenth of global gross domestic product. Much research has been conducted on government spending and its aggregate effects, but evidence is scarce at the micro-level. This study exploits sealed-bid PPC auctions of...

Persistent link: https://www.econbiz.de/10012650218

Bubbles and financial professionals

Weitzel, Utz; Huber, Christoph; Lindner, Florian; … - 2018

The efficiency of financial markets and their potential to produce bubbles are central topics in academic and professional debates. Yet, surprisingly little is known about the contribution of financial professionals to price efficiency. To close this gap, we run 86 experimental markets with 294...

Persistent link: https://www.econbiz.de/10011807267

Cooperation under democracy and authoritarian norms

Vollan, Björn; Zhou, Yexin; Landmann, Andreas; Hu, Biliang - 2013

There is ample evidence for a "democracy premium". Laws that have been implemented via election lead to a more cooperative behavior compared to a top-down approach. This has been observed using field data and laboratory experiments. We present evidence from Chinese students and workers who...

Persistent link: https://www.econbiz.de/10009764817

Mean markets or kind commerce?

Dufwenberg, Martin; Johansson-Stenman, Olof; Kirchler, … - 2021

Does market interaction influence morality? We study a particular angle of this classic question theoretically and experimentally. The novelty of our approach is to posit that people are motivated by reciprocity; an urge many argued affects humans. We scrutinize how this shapes interaction in...

Persistent link: https://www.econbiz.de/10012482841