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Strategic Delay and Rational Imitation in the Laboratory

Ziegelmeyer, Anthony; Boun My, Kene; VERGNAUD, JEAN; … - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …

This paper investigates market failures due to strategic delays. We test experimentally a discrete model of dynamic investment, where two privately informed agents have an option to invest at the time of their choice in the presence of waiting costs. The equilibrium outcome of ourexperimental...

Persistent link: https://www.econbiz.de/10005866694

Information Aggregation and Beliefs inExperimental Parimutuel Betting Markets

Koessler, Frédéric; Noussair, Charles; Ziegelmeyer, … - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2007

We study sequential parimutuel betting markets with asymmetrically informed bettors, usingan experimental approach. In one treatment, groups of eight participants play twenty repetitionsof a sequential betting game. The second treatment is identical, except that bettors are observedby other...

Persistent link: https://www.econbiz.de/10005866873

The Minority of Three-Game: An Experimental and Theoretical Analysis

Chmura, Thorsten; Güth, Werner; Pitz, Thomas; … - Wirtschaftswissenschaftliche Fakultät, … - 2010

We report experimental and theoretical results on the minority of three-game where three players have to choose one of two alternatives independently and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies...

Persistent link: https://www.econbiz.de/10008671388

Strategic Delay and Rational Imitation in the Laboratory

Ziegelmeyer, Anthony; My, Kene Boun; Vergnaud, … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

Persistent link: https://www.econbiz.de/10005252205

Laboratory Bilateral Gift Exchange:The Impact of Loss Aversion

Dittrich, Dennis; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …

The employment relationship is characterized by incomplete contracts. Labor contracts often take the form of a fixed wage without explicit performance incentives meaning that workers have a large degree of discretion over effort levels. As a consequence, an employee’s general jobattitude...

Persistent link: https://www.econbiz.de/10005866697

Cooperative Networks: Theory and Experimental Evidence

Pantz, Katinka; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …

the results of two experiments. The ¯rst implemented environmentfollows the standard procedures for the voluntary … suf-¯cient to induce cooperative outcomes. In the second experiment we introduce the pairwisecommitment mechanism and we … observe aggregate cooperation rates beyond those observedin the ¯rst experiment whatever the monitoring cost but also beyond …

Persistent link: https://www.econbiz.de/10005866705

Common and private signals in public goods games with a point of no return

Güth, Werner; Levati, M. Vittoria; Soraperra, Ivan - In: Resource and energy economics 41 (2015), pp. 164-184

Persistent link: https://www.econbiz.de/10011514841

Hidden Costs of Control:Three Repetitions and an Extension

Ploner, Matteo; Schmelz, Katrin; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

We report three repetitions of Falk and Kosfeld's (2006) low and medium control treatmentswith 364 subjects. Each repetition employs a sample drawn from a standard subject pool ofstudents and demographics vary across samples. Our results largely conict with those of theoriginal study. We mainly...

Persistent link: https://www.econbiz.de/10005870900

Testing the Modigliani-Miller theorem directly in the lab

Levati, M. Vittoria; Qiu, Jianying; Mahagaonkar, Prashanth - Wirtschaftswissenschaftliche Fakultät, … - 2011

We present an experiment designed to test the Modigliani-Miller theorem. Applying a general equilibrium approach and … (control) individual decision-making experiment, eliciting several points on individual demand and supply curves for shares …

Persistent link: https://www.econbiz.de/10009642920

An ultimatum game with multidimensional response strategies

Güth, Werner; Levati, M. Vittoria; Nardi, Chiara; … - Wirtschaftswissenschaftliche Fakultät, … - 2014

We enrich the choice task of responders in ultimatum games by allow- ing them to independently decide whether to collect what is offered to them and whether to destroy what the proposer demanded. Such a multidimensional response format intends to cast further light on the motives guiding...

Persistent link: https://www.econbiz.de/10010887074