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Price-setting power versus private information

Sloof, Randolph - 2003

This paper investigates the extent of the holdup underinvestment problem in a buyer-seller relationship in which the seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation in which outside options are publicly observed, the...

Persistent link: https://www.econbiz.de/10011334336

Information illusion : placebic information and stock price estimates

Oehler, Andreas; Horn, Matthias; Wendt, Stefan - 2020

information asymmetrically influences expectations of participants in experiments who show different levels of overconfidence. …

Persistent link: https://www.econbiz.de/10012426318

How transparency kills information aggregation : theory and experiment

Fehrler, Sebastian; Hughes, Niall - 2015

We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study three levels of transparency under which career...

Persistent link: https://www.econbiz.de/10010516456

Strategic reasoning in persuasion games : an experiment

Li, Ying Xue; Schipper, Burkhard - 2018

-level reasoning in later rounds of the experiments. Participants display difficulties in transferring learning to unravel in a game …

Persistent link: https://www.econbiz.de/10011811807

Limelight on dark markets : an experimental study of liquidity and information

Berentsen, Aleksander; McBride, Michael; Rocheteau, … - 2013

setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995 … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set … of experiments with hidden actions where subjects can produce fraudulent notes at some cost. …

Persistent link: https://www.econbiz.de/10009763984

Can communication mitigate strategic delays in investment timing?

Mermer, Ayse; Onderstal, Sander; Sonnemans, Joep - 2022

In economic environments, decision-makers may strategically delay irreversible investments to learn from the actions of others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in investment timings. Players choose when to invest in a...

Persistent link: https://www.econbiz.de/10013375345

Optimal revelation of life-changing information

Schweizer, Nikolaus; Szech, Nora - 2016

Information about the future may be instrumentally useful, yet scary. For example, many patients shy away from precise genetic tests about their dispositions for severe diseases. They are afraid that a bad test result could render them desperate due to anticipatory feelings. We show that...

Persistent link: https://www.econbiz.de/10011483703

Optimal revelation of life-changing information

Schweizer, Nikolaus; Szech, Nora - 2016

Persistent link: https://www.econbiz.de/10011485208

Preferences for truth-telling

Abeler, Johannes; Nosenzo, Daniele; Raymond, Collin - 2016

the models and conduct new experiments to do so. None of the most popular explanations suggested in the literature can …

Persistent link: https://www.econbiz.de/10011539039

What makes a price fair? : an experimental study of transaction experience and endogenous fairnesss views

Herz, Holger; Taubinsky, Dmitry - 2016

People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet little is known about how these preferences are formed. In this paper, we provide clean evidence that contrast effects arising from previous transactions play an important role...

Persistent link: https://www.econbiz.de/10011482926