We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...

From the regulation of sports to lawmaking in parliament, in many situations one group of people (“agents”) make decisions that affect the payoffs of others (“principals”) who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003)...

The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...

This paper experimentally studies two simple interventions that an authority figure might employ to promote cooperation in a public goods game when accurate feedback about contributions is not available. The first intervention aims to nudge participants to higher contribution levels by labeling...

Seminal models of herd behaviour and informational cascades point out existence of negative information externalities, and propose to ?destroy? information in order to achieve social improvements. Although in the last years many features of herd behaviour and informational cascades have been...

Prominent models such as maxmin expected utility/alpha-multiprior (MEU/ a -MP) and Klibanoff, Marinacci, and Mukerji (KMM) interpret ambiguity aversion as aversion against second-order risks associated with ambiguous acts. We design an experiment where the decision maker draws twice with...

Frauen sind im Durchschnitt seltener bereit, in Wettbewerb mit anderen Personen zu treten als Männer. Dieser Gender Gap in der Neigung zu konkurrieren ist einer von vielen Gründen für Unterschiede in den Bildungs- und Karriereentscheidungen von Frauen und Männern und für weitere Gender Gaps...

Women are less willing than men to compete against others. This gender gap can partially explain the differences between women's and men's education and career choices, and the labor market disparities that result. The experiments presented here show that even though women are less willing than...

A recent literature emphasizes that gender differences in the labor market may in part be driven by a gender gap in willingness to compete. However, whereas experiments in this literature typically investigate willingness to compete in private environments, real world competitions often have a...

We examine determinants of immigration requirements in a public goods game experiment with endogenous groups. Initially, the game consists of in-group players who enjoy an existing public good and out-group players who may subsequently enter the group. Motivated by different current migration...