Feedback withdrawal mechanisms in online markets aim to facilitate the resolution of conflicts during transactions. Yet, frequently used online feedback withdrawal rules are flawed and may backfire by inviting strategic transaction and feedback behavior. Our laboratory experiment shows how a...

We study the role of transparency in a novel three-person profit sharing game in which managers and board directors decide on how to distribute the revenues of a company among themselves and shareholders, who are the residual claimants of the companies revenues. We examine two hypotheses. One is...

Reputation systems associated with Internet markets are known to be subject to strategic manipulation. The experiment we present suggests that this manipulation can extend to factors that have heretofore been overlooked: the leniency and moral wiggle room that arise from uncertainty about the...

We investigate the claim that auctions in procurement are detrimental to the buyer- seller relationship, which is expressed by less trust by the buyer and more oppor- tunistic behavior by the supplier after the sourcing. To do so, we compare exper- imentally a standard auction and a...

Supply chains today routinely use third parties for many strategic activities, such as manufacturing, R&D, or software development. These activities often include relationship-specific investment on the part of the vendor, while final outcomes can be uncertain. Therefore, writing complete...

Using a series of controlled laboratory experiments involving decisions to intervene in others' choice opportunities; we find that groups grant more autonomy to others than individuals. This finding is robust across two decision contexts, one involving individual decision-making (Internality)...

International climate negotiations have so far failed to produce ambitious climate cooperation. We combine laboratory experiments with simulations to investigate the performance of two negotiation design features to address this failure: The Paris Agreement's ratchet-up mechanism, which requires...

Die Situation ist sehr ernst. Etliche Gaskunden werden im Winter ihre Heizung herunterdrehen oder ihre Produktion herunterfahren müssen. Je kälter der Winter, desto größer das Problem. Ökonomen sind sich weitgehend einig, dass die Politik die Entscheidung, wer wie viel Gas einspart, dem...

Die Politik scheint entschlossen, in die Gestaltung des Stromgroßhandelsmarktes einzugreifen, um Krisengewinne und -belastungen umzuverteilen. Einige Vorschläge in diese Richtung würden die Probleme jedoch verschärfen. Es werden Handlungsoptionen für ein neues Strommarktdesign aufgezeigt...

Bisher ist unklar, wer wie viel Gas zu welchem Preis in einer Mangellage in Deutschland bekommt, wenn der Regulierer rationieren muss. Dies droht die Anreize in und im Vorfeld einer Mangellage zu verwässern. In diesem Beitrag wird die potenziell hilfreiche Rolle eines Zertifikatsmarktes für...