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A popular approach to explain over-contribution in public good games is based on the assumption that people care (either positively or negatively) about the utility of other participants. Over-contribution then is an outcome of utility maximization where utility depends on subjects' own payoffs...
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We experimentally study the profitability of pricing mechanisms that allow customers to quote their own prices, such as Priceline.com's Name-Your-Own-Price (NYOP). Presumably firms find this sales method profit-maximizing despite the concerns that NYOP web-sites can cannibalize profit from...
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The goal of the paper is to test the importance of such factors as fairness, reciprocation and altruism in subjects' reasoning. I consider the phantom treatment where subjects are randomly matched with the decisions that were made in the (separate) benchmark treatment, and two-type treatments...
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