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Non-comparative versus Comparative Advertising of Quality

Emons, Winand; Fluet, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2011

Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: In the first one, firms disclose quality; in the second one, they send costly signals...

Persistent link: https://www.econbiz.de/10009395943

The Value of Capital Market Regulation: IPOs versus Reverse Mergers

Carpentier, Cécile; Cumming, Douglas; Suret, Jean-Marc - Centre Interuniversitaire de Recherche en Analyse des … - 2009

We analyze the economic consequences of disclosure and regulation within a context of significant information asymmetry …

Persistent link: https://www.econbiz.de/10005100646

Incentive Contracts versus Trust in Three-Person Ultimatum Games - An Experimental Study

Büchner, Susanne; Gonzalez, Luis; Güth, Werner; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

Whether incentive contracts perform better than trust in terms of productive efficiency is usually explored by principal-agent experiments (most involving only one agent). We investigate this issue in the context of a three-person ultimatum experiment, which is simpler and more neutrally framed...

Persistent link: https://www.econbiz.de/10005765124

Trading Goods versus Sharing Money - An Experiment Testing Whether Fairness and Efficiency are Frame Dependent

Berninghaus, Siegfried K.; Gueth, Werner; Kirstein, Annette - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004

motivated by fairness and efficiency considerations. This evidence, however, results mainly from experimental designs asking … fairness are less influential. We investigate and confirm this frame dependency more systematically by comparing net …

Persistent link: https://www.econbiz.de/10005765144

Putting Limits to Emotional Behavior - An Ultimatum Experiment Varying Threat Efficiency

Güth, Werner; Fellner, Gerlinde - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2002

Persistent link: https://www.econbiz.de/10005765167

Fair Wages and the Co-Employment of Hired and Rented Hands - An Experimental Study

Alewell, Dorothea; Kuklys, Wiebke; Friedrich, Colette; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

? Fairness norms might play an important role in wage-setting decisions. We will explore theoretically and experimentally … possible fairness considerations of the involved parties. …

Persistent link: https://www.econbiz.de/10005588004

Fairness Versus Efficiency - An Experimental Study of (Mutual) Gift Giving -

Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor...

Persistent link: https://www.econbiz.de/10005588006

"Buying a pig in a poke": An experimental study of unconditional veto power

Güth, Werner; Levati, M. Vittoria; Ockenfels, Axel; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005

We study an ultimatum experiment in which the responder does not know the offer when accepting or rejecting. Unconditional veto power leads to acceptances, although proposers are significantly greedier than in standard ultimatum games, and this is anticipated by responders.

Persistent link: https://www.econbiz.de/10005588018

On the nature of fair behavior and its development with age –

Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

Economic decisions have been shown to depend on actual outcomes as well as perceived intentions. In this paper, we examine whether and how the relative importance of outcomes or intentions for economic decision develops with age. We report the result of ultimatum games with children, teens and...

Persistent link: https://www.econbiz.de/10005247886

Do Wealth Differences Affect Fairness Considerations?

Armantier, Olivier - Centre Interuniversitaire de Recherche en Analyse des … - 2006

The influence of relative wealth on fairness considerations is analyzed in an ultimatum game experiment in which … participants receive large and widely unequal initial endowments. Subjects initially demonstrate a concern for fairness. With time … however, behavior becomes at odds with both subgame perfection and fairness. Evidence of learning is detected for both …

Persistent link: https://www.econbiz.de/10005100867