This work investigates the first European flexicurity pathway, which advocates relying on contractual arrangements that gradually entail better working conditions in order to address labour market segmentations. In the experiment, labour market environments only differ according to the level of...

This paper investigates the determinants of reciprocity towards the experimenters in the lab under a flat-wage scheme. We find that personality attributes – such as agreeableness – help predict the behaviour of the subjects. We additionally propose and assess a general measure of reciprocity.

During the last decades several financial market experiments have been conducted to investigate the price bubble formation mechanism and the impact of human behaviour on it. We extend well-established laboratory market models to the two-asset case, accounting at the same time for heterogeneous...

This paper investigates the determinants of reciprocity towards the experimenters in the lab under a flat-wage scheme. We find that personality attributes – such as agreeableness – help predict the behaviour of the subjects. We additionally propose and assess a general measure of reciprocity

We present results from a series of experiments that allow us to measure overbidding and, in particular, underbidding in first-price auctions. We investigate how the amount of underbidding depends on seemingly innocent parameters of the experimental setup. To structure our data we present and...

Bubbles are omnipresent in lab experiments with asset markets. But these experiments were (mostly) conducted in environments with only human traders. Today markets are substantially determined by algorithmic traders. Here we use a laboratory experiment to measure human trading behaviour changes...

The provision of public goods regularly embodies interrelated spheres of influence on multiple scales. This article examines the nature of human behavior in a multilevel social dilemma game with positive provision externalities to local and global scales. We report experimental results showing...