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Another Solution for Allais Paradox: Preference Imprecision, Dispersion and Pessimism

Bayrak, Oben - 2016

Although there are alternative models which can explain the Allais paradox with non-standard preferences, they do not take the emerging evidence on preference imprecision into account. The imprecision is so far incorporated into these models by adding a stochastic specification implying the...

Persistent link: https://www.econbiz.de/10015252118

The Seller's listing strategy in online auctions: evidence from eBay

Chen, Kong-Pin; Liu, Yu-Sheng; Yu, Ya-Ting - 2012

The paper empirically studies why the sellers of identical commodities adopt dier- ent auction formats in the online … auction, and the consequences thereof. We postulate that the sellers adopt dierent auction formats because of the dierences in …'s choice between three auction formats: xed-price, buy-it-now (BIN), and pure auctions. We then estimate the dierences in sales …

Persistent link: https://www.econbiz.de/10015231783

A dynamic model of auctions with buy-it-now: theory and evidence

Chen, Jong-Rong; Chen, Kong-Pin; Chou, Chien-Fu; Huang, … - 2006

greater than a threshold value. The theory also implies that the expected transaction price is higher in an auction with an …

Persistent link: https://www.econbiz.de/10015231785

Naughty or nice? Punishment and the interaction of formal and informal incentives in long-term contractual relationships

Schieffer, Jack; Wu, Steven Y. - 2010

The paper develops a model of repeated interaction between a buyer and a seller, which is then tested via laboratory experiments. The model allows for both formal and informal incentives in the contractual relationship between the parties. Formal incentives are explicit, performance-conditioned...

Persistent link: https://www.econbiz.de/10015220480

Social identity, group composition and public good provision: an experimental study

Chakravarty, Surajeet; Fonseca, Miguel A. - 2010

Social fragmentation has been identified as a potential cause for the under-provision of public goods in developing nations, as well as in urban communities in developed countries such as the U.S. We study the effect of social fragmentation on public good provision using laboratory experiments....

Persistent link: https://www.econbiz.de/10015221895

The Individual-Team Discontinuity Effect on Institutional Choices: Experimental Evidence in Voluntary Public Goods Provision

Kamei, Kenju; Tabero, Katy - 2021

Teams are known to be more cognitively able, and accordingly behave more efficiently, than individuals. This paper provides the first experimental evidence of the so-called “individual-team discontinuity effect” in an institutional setting. In a finitely repeated public goods game where...

Persistent link: https://www.econbiz.de/10015267386

Prosocial Behavior and the Individual Normative Standard of Fairness within a Dynamic Context: Experimental Evidence

Mekvabishvili, Rati; Mekvabishvili, Elguja; … - 2023

fairness. Furthermore, our experiment reveals a large share of antisocial punishment in the public goods game and a peer …

Persistent link: https://www.econbiz.de/10015269745

Free Riding, Democracy and Sacrifice in the Workplace: Evidence from a Real Effort Experiment

Kamei, Kenju; Tabero, Katy - 2023

Teams are increasingly popular decision-making and work units in firms. This paper uses a novel real effort experiment … phenomenon called the “dividend of democracy.” In the experiment, worker subjects are randomly assigned to a team of three, and …

Persistent link: https://www.econbiz.de/10015271038

African Development,Partnership and Rationality Challenge:An Exposition

NWAOBI, GODWIN - 2013

Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...

Persistent link: https://www.econbiz.de/10015239038

Can Formal Institutions Lead to the Spillover Effect of Cooperation?

Mekvabishvili, Rati - 2021

Can formal institutions shape prosocial behavior and lead to the spillover effect of cooperation? To explore this question, we experimentally test the spillover- based theory in a novel context. We measured the spillover effect on cooperation in the same domain measured by the repeated anonymous...

Persistent link: https://www.econbiz.de/10015239309