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Marketmaking in the laboratory: does competition matter?

Krahnen, Jan Pieter - 1997

Persistent link: https://www.econbiz.de/10000974643

Marketmaking in the laboratory : does competition matter?

Krahnen, Jan Pieter; Weber, Martin - In: Experimental economics : a journal of the Economic … 4 (2001) 1, pp. 55-85

Persistent link: https://www.econbiz.de/10001603228

Self-selection and the efficiency of tournaments

Eriksson, Tor (contributor); Teyssier, Sabrina (contributor) - 2006

When exogenously imposed, rank-order tournaments have incentive properties but their overall efficiency is reduced by a high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay is attributable both to its incentive effect and to...

Persistent link: https://www.econbiz.de/10003283430

Self-selection and the efficiency of tournaments

Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie-Claire - In: Economic inquiry : journal of the Western Economic … 47 (2009) 3, pp. 530-548

Persistent link: https://www.econbiz.de/10003876116

Competitive Insurance Markets and Adverse Selection in the Lab

Riahi, Dorra - 2010

We provide an experimental analysis of competitive insurance markets with adverse selection. Our parameterized version of the lemons' model (Akerlof 1970) in the insurance context predicts total crowding out of low-risks when insurers offer a single full insurance contract. The therapy proposed...

Persistent link: https://www.econbiz.de/10013137823

Competition and Price Transparency in the Market for Lemons : Experimental Evidence

Bochet, Olivier - 2020

design an experiment to examine the impact of competition and price transparency in such settings. Consistent with the … theoretical predictions, we find that competition promotes efficiency if bargainers cannot observe each other's price offers …. Contrary to the predictions, however, the efficiency-enhancing effect of competition persists even when offers are observable …

Persistent link: https://www.econbiz.de/10012854487

Competition and price transparency in the market for lemons : experimental evidence

Bochet, Olivier; Siegenthaler, Simon - In: American economic journal 13 (2021) 2, pp. 113-140

Persistent link: https://www.econbiz.de/10012546698

(Non-)Insurance Markets, Loss Size Manipulation and Competition - Experimental Evidence

Hinloopen, Jeroen - 2018

defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …

Persistent link: https://www.econbiz.de/10012936210

Self-Selection and the Efficiency of Tournaments

Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie-Claire - 2023

The literature has shown that the overall efficiency of exogenously imposed tournaments is reduced by a high variance in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into different payment schemes is reducing the variability of...

Persistent link: https://www.econbiz.de/10014255631

Communication & competition

Goeree, Jacob K.; Zhang, Jingjing - In: Experimental economics : a journal of the Economic … 17 (2014) 3, pp. 421-438

Persistent link: https://www.econbiz.de/10010411533