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individual payoffs, is a potentially competing concern in games such as the prisoners' dilemma. In our experiment participants …
Persistent link: https://www.econbiz.de/10005867006
Voting is a natural context to investigate how democratic societies balance claims of economic efficiency against claims of distributive equity. We examine data from a series of simple experimental voting games; in each, voters are confronted with two distributional policies, one that promotes...
Persistent link: https://www.econbiz.de/10005866965
Many Internet markets rely on feedback systems', essentially social networks of reputation, to facilitate trust and … market encounters are one-shot) most frequently enhances trust and trustworthiness, and always increases total gains … each other) in promoting trust and trustworthiness if the market is sufficiently competitive. We conclude that, overall …
Persistent link: https://www.econbiz.de/10010264338
Persistent link: https://www.econbiz.de/10003674386
trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb … strangers networks (where market encounters are one-shot) most frequently enhances trust and trustworthiness, and always … maintain repeated exchange with each other) in promoting trust and trustworthiness if the market is sufficiently competitive …
Persistent link: https://www.econbiz.de/10012751561
In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that are automatically extended if a bid is submitted very...
Persistent link: https://www.econbiz.de/10011508091
In second price internet auctions with a fixed end time, such as those on eBay, many bidders "snipe", i.e., they submit their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that are automatically extended if a bid is submitted very...
Persistent link: https://www.econbiz.de/10013319851
Persistent link: https://www.econbiz.de/10002506585
Persistent link: https://www.econbiz.de/10003281579
close until ten minutes have passed without a bid. This paper reports an experiment that allows us to examine the effect of …
Persistent link: https://www.econbiz.de/10011508080