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Learning in Tournaments with Inter-Generational Advice

Chaudhuri, Ananish; Sopher, Barry; Schotter, Andrew - In: Economics Bulletin 3 (2006) 26, pp. 1-16

) receive advice from that predecessor via free-form messages that generation t players leave for their generation t+1 … successors. We find that the presence of advice makes a difference in that the experimental groups who get advice perform better … with no recourse to such advice. …

Persistent link: https://www.econbiz.de/10005196499

Peer advice in a tax-evasion experiment

Wakolbinger, Florian; Haigner, Stefan Daniel - In: Economics Bulletin 29 (2009) 3, pp. 1653-1669

We examine peer effects in a tax-evasion experiment where subjects receive either advice or compliance data from …. Receiving advice or compliance data from the pool of low-compliance participants yields the lowest compliance rates. We show … that advice has a slightly bigger impact than observing the compliance of others and that subjects focus on payoff …

Persistent link: https://www.econbiz.de/10008563050

Fairness and the Optimal Allocation of Ownership Rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2005

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10005504775

A comparison of conventional, final offer, and combined arbitration for dispute resolution

Dickinson, David - Department of Applied Economics, Utah State University

This paper presents results from a controlled laboratory study of bargaining behavior and dispute rates under three types of arbitration procedures. Two of these—conventional and final-offer arbitration—are commonly used in practice, while an innovative procedure called “Combined...

Persistent link: https://www.econbiz.de/10005426923

Dispute resolution with combined arbitration

Dickinson, David - Department of Applied Economics, Utah State University

Binding arbitration is a common method of alternative dispute resolution used in resolving labor disputes. Two different forms of binding arbitration dominate in practice: conventional arbitration (CA) and final offer arbitration (FOA). In CA, the arbitrator is allowed to choose any settlement...

Persistent link: https://www.econbiz.de/10005426998

A Bargaining Experiment to Motivate Discussion on Fairness

Dickinson, David L. - In: Journal of Economic Education 33 (2002) 2, pp. 136-151

The author presents a classroom version of the popular research game called the Ultimatum Game. Researchers are placing growing importance on how fairness affects behavior, and this experiment provides a useful, fun, and engaging way in which a day or two of class time can be spent on the topic....

Persistent link: https://www.econbiz.de/10005405170

Gale-Shapley Matching in an Evolutionary Trade Network Game

Tesfatsion, Leigh - EconWPA - 1998

This study investigates the performance of Gale-Shapley matching in an evolutionary market context. Computational experimental findings are reported for an evolutionary match-and-play trade network game in which resource-constrained traders repeatedly choose and refuse trade partners in...

Persistent link: https://www.econbiz.de/10005407577

Ultimatums and Tantrums: A Resource Sharing Experiment

Janmaat, John - EconWPA - 2005

The ultimatum game experiment has a long history in experimental economics. In-vivo ultimatum like strategic settings often involve uncertain rejection and payoff reversals. This paper presents the results of an ultimatum like experiment extended to reflect characteristics of a shared...

Persistent link: https://www.econbiz.de/10005408212

The Uncontrolled Social Utility Hypothesis Revisited

Schmidt, Carsten; Ro'i Zultan - In: Economics Bulletin 3 (2005) 33, pp. 1-7

The experiment disentangles communication and social effect in face-to-face communication. The results question the previous interpretation of communication effects in ultimatum bargaining, and suggest that separate processes, both of a strategic and of an affective-social nature induce...

Persistent link: https://www.econbiz.de/10005416806

Contractual Incompleteness and the Nature of Market Interactions

Brown, Martin; Falk, Armin; Fehr, Ernst - Institut für Volkswirtschaftslehre, …

We provide experimental evidence that contractual incompleteness, i.e., the absence of third party enforcement of workers’ effort or the quality of the good traded, causes a fundamental change in the nature of market interactions. If contracts are complete the vast majority of trades are...

Persistent link: https://www.econbiz.de/10005463525