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Three Minimal Market Institutions with Human and Algorithmic Agents : Theory and Experimental Evidence
Huber, Jürgen - 2011
the predictions of theory. These closed exchange economies have some cash to facilitate transactions, and include feedback …. The experiment reveals that (1) the competitive general equilibrium (CGE) and non-cooperative (NCE) models are reasonable … dominates the others across six measures of performance. Inclusion of some mechanism differences into theory may enhance our …
Persistent link: https://www.econbiz.de/10013130285
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Three Minimal Market Institutions with Human and Algorithmic Agents : Theory and Experimental Evidence
Huber, Jürgen; Shubik, Martin; Sunder, Shyam - 2010
the predictions of theory. These closed exchange economies have some cash to facilitate transactions, and include feedback …. The experiment reveals that (1) the competitive general equilibrium (CGE) and non-cooperative (NCE) models are reasonable … dominates the others across six measures of performance. Inclusion of some mechanism differences into theory may enhance our …
Persistent link: https://www.econbiz.de/10014198608
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The Price and Variety Effects of Vertical Mergers
Federgruen, Awi - 2020
Vertical mergers within a multi-echelon market result in equilibrium price changes, for wholesalers and retailers, alike. They may also impact the product variety that is available to the consumer, i.e., the equilibrium product assortment sold in the market. In this paper, we consider the...
Persistent link: https://www.econbiz.de/10012855208
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Exploitation aversion : when financial incentives fail to motivate agents
Carpenter, Jeffrey P.; Dolifka, David - 2013
intent, that can cause incentives to fail. Using an experiment that provides the material circumstances necessary for …
Persistent link: https://www.econbiz.de/10009771729
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Promoting cooperation : the distribution of reward and punishment power
Nosenzo, Daniele; Sefton, Martin - 2012
Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups and societies, however, concentrate the power...
Persistent link: https://www.econbiz.de/10009578208
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Ceding control : an experimental analysis of participatory management
Mellizo, Philip; Carpenter, Jeffrey P.; Matthews, Peter Hans - 2017
We use an experiment to evaluate the effects of participatory management on firm performance. Participants are randomly …
Persistent link: https://www.econbiz.de/10011613160
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The distinct impact of information and incentives on cheating
Bénistant, Julien; Galeotti, Fabio; Villeval, Marie-Claire - 2021
We study a dynamic variant of the die-under-the-cup task where players can repeatedly misreport the outcomes of consecutive die rolls to earn more money, either under a non-competitive piece rate scheme or in a two-player competitive tournament. In this dynamic setting we test (i) whether giving...
Persistent link: https://www.econbiz.de/10012390889
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Does relative performance information lower group morale?
Heursen, Lea - 2019 - This version: December 2019
reference group. In a novel experiment, I vary whether or not members of a reference group obtain relative performance …
Persistent link: https://www.econbiz.de/10012139010
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Performance-Based Compensation and Firm Value – Experimental Evidence
Pfeiffer, Glenn - 2015
reasons as to why, we design an experiment that allows us to manipulate variables separately to examine the effect of adverse …
Persistent link: https://www.econbiz.de/10013036078
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Performance-Based Compensation and Firm Value – Experimental Evidence
Pfeiffer, Glenn - 2015
reasons as to why, we design an experiment that allows us to manipulate variables separately to examine the effect of adverse …
Persistent link: https://www.econbiz.de/10013036841