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We analyze choices of sellers, each setting a reserve price in a laboratory first price auction with automated equilibrium bidding. Subjects are allowed to gain experience for a fixed period of time prior to making a single payoff-relevant choice. Behavior of more experienced sellers was...
Persistent link: https://www.econbiz.de/10012937016
We show that allowing communication can increase optimal choices and efficiency in a multi-task, incomplete contracting, principal-agent setting. We study two simple communication protocols, one allowing for one or more requests on non-contractible choices, and the other allowing for a request,...
Persistent link: https://www.econbiz.de/10014142523
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Deceptive communication or behavior can inflict loss, making it important to be able to distinguish these from trustworthy ones. This article pursues the hypothesis that repeated exposure or experience can cause learning and hence better detection of deception. We investigate using data from a...
Persistent link: https://www.econbiz.de/10013226472
Persistent link: https://www.econbiz.de/10010338418
The public goods problem or the “tragedy of the commons,” (Hardin, 1968) either viewed as a problem of extraction or that of contribution has had a rich history in Economics and indeed in other social sciences like Anthropology, Sociology and Political Science. Our research examines free...
Persistent link: https://www.econbiz.de/10013107187
Deceptive communication, as involved in impersonation fraud and other forms of economic crime, can inflict loss, making it important to be able to distinguish these from trustworthy ones. This article pursues the hypothesis that repeated exposure or experience can cause learning and hence better...
Persistent link: https://www.econbiz.de/10014517089