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Moral entitlements and aspiration formation in asymmetric bargaining : experimental evidence from Germany and China

Hennig-Schmidt, Heike; Walkowitz, Gari - In: Games 8 (2017) 4, pp. 1-25

Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...

Persistent link: https://www.econbiz.de/10011771180

On the Persistence of Overconfidence : Evidence from Multi-Unit Auctions

Morales-Camargo, Emmanuel - 2013

We analyze pre and post-task confidence in an experiment in which subjects bid in multi-unit common value auctions … performance. Although the change in pre-experiment confidence from session one to session two is close to zero, the dispersion in … with neutral or low confidence. Subjects with high initial confidence also base their perception of post-experiment …

Persistent link: https://www.econbiz.de/10013090267

The impact of the internet on retail competition : evidence from technological differences in internet access

Gebhardt, Georg - 2010

Does the internet increase competition? To address this question, I exploit two institutional details unique to Germany …

Persistent link: https://www.econbiz.de/10008823169

The third generation (UMTS) spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...

Persistent link: https://www.econbiz.de/10011400807

Electric Vehicles in Imperfect Electricity Markets : A German Case Study

Schill, Wolf-Peter - 2011

We analyze the impacts of a hypothetical fleet of plug-in electric vehicles on the imperfectly competitive German electricity market with a game-theoretic model. Electric vehicles bring both additional demand and additional storage capacity to the market. We determine their effects on prices,...

Persistent link: https://www.econbiz.de/10014187378

The Effect of Market Power on Electricity Storage Utilization : The Case of Pumped Hydro Storage in Germany

Schill, Wolf-Peter; Kemfert, Claudia - 2009

In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and counterfactual cases of strategic and non-strategic pumped hydro...

Persistent link: https://www.econbiz.de/10014200939