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Measurement efforts to reduce the uncertainty concerning the attributes of heterogeneous goods may simply redistribute wealth and result in social waste. Individuals bearing the cost of such distributional measurement have incentives to develop buying and selling practices that limit such...
Persistent link: https://www.econbiz.de/10014171677
Motivated by bidders' interests in concealing their private information in auctions, we propose an ascending clock auction for unit-demand assignment problems that economizes on bidder information revelation, together with a new general-purpose measure of information revelation. Our auction uses...
Persistent link: https://www.econbiz.de/10014037817
We propose a technique for assessing robustness of behavioral measures and treatment effects to experimenter demand effects. The premise is that by deliberately inducing demand in a structured way we can measure its influence and construct plausible bounds on demand-free behavior. We provide...
Persistent link: https://www.econbiz.de/10012952405
We introduce a new method for measuring the decision to lie in experiments. In the game, the decision to lie increases own payment independent of the counterpart's decision, but potentially at a cost for the counterpart. We identify at the individual level the decision to lie, and measure how...
Persistent link: https://www.econbiz.de/10013028122
Previous research on functional diversity in teams has produced conflicting findings. Most research since 1992 has used counts of the number of different functions or one of two measures that apply different weights to the proportion of individuals within each functional category. Scholars have...
Persistent link: https://www.econbiz.de/10014026263
This paper examines a number of widely used liquidity measures to assess the consistency and reliability of the measures across different liquidity scenarios. A review is conducted of the various measures (based on Gabrielsen, Marzo and Zagaglia, 2011). This paper expands upon their review, by...
Persistent link: https://www.econbiz.de/10013061528
We propose a technique for assessing robustness of behavioral measures and treatment effects to experimenter demand effects. The premise is that by deliberately inducing demand in a structured way we can measure its influence and construct plausible bounds on demand-free behavior. We provide...
Persistent link: https://www.econbiz.de/10011663543
with the choice of lotteries used to evaluate risk preferences, and explain how our completeness measure can help guide the …
Persistent link: https://www.econbiz.de/10012853917