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If we are to examine the role of “controls” in different experimental settings, it is appropriate that the word be defined carefully. The Oxford English Dictionary ( Second Edition ) defines the verb “control” in the following manner: “To exercise restraint or direction upon the free...
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In a supplemental analysis, Krawczyk and Sawyers (1995) (K&S) found evidence that variations in engagement letter language affect the likelihood that taxpayers hold CPAs “responsible” for additional tax assessments, a broad measure of risk. We extend the K&S analysis by examining the effect...
Persistent link: https://www.econbiz.de/10015387909
This paper presents the results of an experiment where an unequal wealth distribution was created and then subjects …
Persistent link: https://www.econbiz.de/10015387940
period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …
Persistent link: https://www.econbiz.de/10015387944
each firm representing a single data point in an industry-level experiment. It also extends the learning literature by …
Persistent link: https://www.econbiz.de/10015388088
In private values settings, the Wickrey-Clarke-Groves (VCG) mechanism leads to efficient auction outcomes, while the theoretical properties of the Simultaneous Ascending (SA) auction are not well understood. This leads us to compare the properties of an SA and a VCG auction in an experimental...
Persistent link: https://www.econbiz.de/10015389449
This chapter compares four methods of rationing an input that is subject to supply capacity shocks. We describe the application of the mechanisms in terms of electricity. The mechanisms we test are random interruption, priority service, proportional service%all option and proportional...
Persistent link: https://www.econbiz.de/10015390132
Subjects in the role of multiproduct monopolists are observed in markets where demand is initially unknown. In each market period, the seller must choose between selling each good individually or selling a bundle containing one unit of each good. The fact that individual and collective...
Persistent link: https://www.econbiz.de/10015390133
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