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Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and...
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Vague, or imprecise, news may affect decisions by changing either the fundamentals, or the associated uncertainty, or both. We show response to vague news is shaped by ambiguity attitudes, yet with qualitative differences for different levels of risk, on top of ambiguity, conveyed. The decision...
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We study how inflation and deflation affect firms' ability to cooperate in an experimental Bertrand duopoly with differentiated products. We find that there is significantly less cooperation in the treatments with inflation and deflation compared to the no-inflation treatments. The difficulties...
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There is ample evidence that women do not react to competition as men do and are less willing to enter a competition than men (e.g., Gneezy et al.(2003), Niederle and Vesterlund (2007)). In this paper, we use personality variables to understand the underlying motives of women (and men) to enter...
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We show that social context matters in gender-paired dictator decisions. Our experiment investigates the influence of gender-pairing and framing on monetary transfers in a 2x2x2 design where sender gender, recipient gender, and frame, i.e. give or take, are varied. We are the first to combine...
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