B1_3

Research has repeatedly shown that when groups whose members have varying expertise are combined to make a decision, they tend to discuss common information at a higher rate than unique information, hindering their ability to make the best decision. In response to these findings and the fact...

This thesis consists of studies in the field of experimental economics. The first two chapters of the thesis deal with the issue of subject selection in Cournot Oligopoly experiments. In particular, chapter 1 presents a study which was designed to test whether a predominant personality inventory...

This research focuses on urban water policy. The three papers extend the literature through economic application, taking theory in a direction that informs water resource managers on optimal decision-making or a better approach to management. Three primary results are: first, that the optimal...

This article analyzes the effectiveness of proposed and actual securities, financial, and tax laws designed to prevent, or dampen the severity of asset price bubbles, including laws designed to mitigate excessive speculation. The article employs experimental asset market research to measure the...

This book develops a structured methodology that allows to systematically analyze emotions in auctions. It provides a unified framework for emotional bidding in auctions, which comprises the bidders' processes of cognitive reasoning and emotional processing, and a methodology for measuring...

In this thesis, we theoretically and experimentally analyze three aspects of labor markets. We first ask whether the introduction of a minimum wage not only increases the wages of workers who previously earned less than this minimum wage, but also of those who earned considerably more already....

We analyze a model of Internet auctions. Sellers each offer one item of a heterogeneous good to bidders who have unit-demand preferences. Items are sold in second-price proxy auctions. We derive a perfect Bayesian (epsilon-) equilibrium. Our experimental findings support the theoretical results....