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We consider misconceptions about the functioning of the economy as one possible explanation for the emergence of crises in democracies. Furthermore, we study a political process which may lead to successful reform. First of all, we show that voters can make inefficient decisions concerning...
Persistent link: https://www.econbiz.de/10009476265
Persistent link: https://www.econbiz.de/10009449712
behavioral experiment (N=117) comparing three communication media (face-to-face, email, and Internet reverse auctions) and two …
Persistent link: https://www.econbiz.de/10009431843
"Good work" is interpreted from an employer's and a worker's viewpoint. An economic experiment on the existence of … their duration is subject of a second theoretical model. An experiment yields further insights to this topic. …
Persistent link: https://www.econbiz.de/10009434478
Process models are used by information professionals to convey semantics about the business operations in a real world domain intended to be supported by an information system. The understandability of these models is vital to them being used for information systems development. In this paper,...
Persistent link: https://www.econbiz.de/10009438157
Klassische Geldbewertung unterstellt einen Zusammenhang zwischen Geld (x) und empfundener Geldbewertung über eine Funktion v(x) für x=0.In dieser Arbeit wird die "Fenstertheorie der emotionalen Wahrnehmung" von Albers als neuer Ansatz der Geldbewertung vorgestellt. Dieser unterstellt keine...
Persistent link: https://www.econbiz.de/10009452615
Van Boening and Wilcox ran experiments finding that the ordinarily robust DoubleAuction produced inefficient results in an environment characterized by a small numberof sellers with non-convex cost structures (i.e. large avoidable fixed costs, zeroincremental costs, and production quantity...
Persistent link: https://www.econbiz.de/10009458930
This paper considers the stability of tacit collusion in price setting duopolies with repeated interaction. The minimum discount factor above which tacit collusion can be sustained in a subgame perfect equilibrium is called the critical discount factor delta*. In addition, delta* is often used...
Persistent link: https://www.econbiz.de/10009471758
and down movement of prices. We can explain tacit coordination in our experiment with an extended learning direction model …
Persistent link: https://www.econbiz.de/10009471841
Chapter IWe use a large-scale internet experiment to explore how subjects learn to play against computers that are … experiment, we separate the demand for punishment in general from a possible demand to conduct punishment personally. Subjects …? In our experiment we observe that the subjects almost never use punishment. Consistently, the data shows no increase in …
Persistent link: https://www.econbiz.de/10009476200