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This paper revisits and extends the experiment on the solidarity gameby Selten and Ockenfels (1998). We replicate the basic design of the solidaritygame and extend it in order to test the robustness of the fixed totalsacrifice' effect and the applied strategy method. Our results only...
Persistent link: https://www.econbiz.de/10005866875
Whether incentive contracts perform better than trust in terms of productiveefficiency is usually explored by principal-agent experiments (mostinvolving only one agent). We investigate this issue in the context of athree-person ultimatum experiment, which is simpler and more neutrallyframed than...
Persistent link: https://www.econbiz.de/10005867038
A procurement contract is granted by a bureaucrat (the auctioneer)who is interested in a low price and a bribe from the provider.The optimal bids and bribes are derived based on an iid private costassumption. In the experiment, bribes are negatively framed (betweensubjectstreatment) to capture...
Persistent link: https://www.econbiz.de/10005866715
Conventions can be narrowly interpreted as coordinated ways of equilibriumplay, i.e., a specific convention tells all players in a game withmultiple strict equilibria which equilibrium to play. In our view, coordinationoften takes place before learning about the games. Thus, one hasto coordinate...
Persistent link: https://www.econbiz.de/10005866835
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This paper revisits and extends the experiment on the solidarity game by Selten and Ockenfels (1998). We replicate the basic design of the solidarity game and extend it in order to test the robustness of the "fixed total sacrifice" effect and the applied strategy method. Our results only...
Persistent link: https://www.econbiz.de/10014074576
Persistent link: https://www.econbiz.de/10013432567