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Behavior in All-Pay Auctions with Ties
Gelder, Alan - 2015
Despite the wide occurrence of ties in a variety of contest settings, the strategic interaction that arises when ties are treated as viable outcomes has received little attention. Building on recent theoretical work, we experimentally examine an extension of the canonical two-player all-pay...
Persistent link: https://www.econbiz.de/10013012900
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Overbidding and Heterogeneous Behavior in Contest Experiments
Sheremeta, Roman M. - Economic Science Institute (ESI), Argyros School of … - 2013
contest experiments- (i) overbidding relative to the standard Nash equilibrium prediction and (ii) heterogeneous behavior of … ex-ante symmetric contestants. Based on the sample of contest experiments that we review, the median overbidding rate is … 72%. We provide different explanations for the overbidding phenomenon, including bounded rationality, utility of winning …
Persistent link: https://www.econbiz.de/10010817423
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Are teams less inequality averse than individuals?
He, Haoran; Villeval, Marie-Claire - 2014
We compare inequality aversion in individuals and teams by means of both within- and between-subject experimental designs, and we investigate how teams aggregate individual preferences. We find that team decisions reveal less inequality aversion than individual initial proposals in team...
Persistent link: https://www.econbiz.de/10010359304
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Resource Allocation Contests : Experimental Evidence
Shupp, Robert - 2013
contests which are isomorphic under risk-neutrality. The results indicate that in aggregate the single-prize contest generates …-prize contest. We also elicit preferences toward risk, ambiguity and losses, and find that while such preferences cannot explain …
Persistent link: https://www.econbiz.de/10013075997
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Can Groups Solve the Problem of Over-Bidding in Contests
Sheremeta, Roman M.; Zhang, Jingjing - Economic Science Institute (ESI), Argyros School of … - 2009
payoffs than individuals. We elicit individual and group preferences towards risk using simple lotteries. The results indicate …
Persistent link: https://www.econbiz.de/10008556045
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Can Groups Solve the Problem of Overbidding in Contests?
Sheremeta, Roman M.; Zhang, Jingjing - Department of Economics, McMaster University - 2009
homogeneous payoffs than individuals. We elicit individual and group preferences towards risk using simple lotteries. The results …
Persistent link: https://www.econbiz.de/10008528454
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Experimental research on contests
Sheremeta, Roman M. - 2018
Persistent link: https://www.econbiz.de/10012030150
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Endogenous Leadership: Selection and Influence
Arbak, Emrah; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2007
In social dilemmas, leading a team by making heroic efforts may prove costly, especially if the followers are not adequately motivated to make similar sacrifices. Attempting to understand what motivates these seemingly selfless individuals to lead, we report the results of a two-stage public...
Persistent link: https://www.econbiz.de/10005822607
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Tax Evasion and Social Interactions
Fortin, Bernard; Lacroix, Guy; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2004
The paper extends the standard tax evasion model by allowing for social interactions. In Manski’s (1993) nomenclature, our model takes into account social conformity effects (i.e., endogenous interactions), fairness effects (i.e., exogenous interactions) and sorting effects (i.e., correlated...
Persistent link: https://www.econbiz.de/10005822713
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Emotions, Sanctions and Cooperation
Joffily, Mateus; Masclet, David; Noussair, Charles N.; … - Groupe d'Analyse et de Théorie Économique Lyon … - 2011
We use skin conductance responses and self-reports of hedonic valence to study the emotional basis of cooperation and punishment in a social dilemma. Emotional reaction to free-riding incites individuals to apply sanctions when they are available. The application of sanctions activates a...
Persistent link: https://www.econbiz.de/10008913279