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We design an experiment to examine behavior and welfare in a multi-level trust game representing a pass through … investment in an intermediated market. In a repeated game, an investor invests via an intermediary who lends to a borrower. A pre-experiment …
Persistent link: https://www.econbiz.de/10010719261
capabilities, conflicts are unavoidable because the stronger agent prefers to fight. The results of the experiment confirm that the …
Persistent link: https://www.econbiz.de/10011048067
Using paper and pencil experiments administered in senior centers, we examine decision-making performance in multi …
Persistent link: https://www.econbiz.de/10011048188
behavior and the unique equilibrium prediction in a one-shot traveler's dilemma experiment. Principal components analysis … points may be behind different choices. Such reasons are coherent with same subjects’ behavior in other tests and experiments …
Persistent link: https://www.econbiz.de/10011048221
We experimentally show that current models of reciprocity are incomplete in a systematic way using a new variant of the ultimatum game that provides second-movers with a marginal-cost-free punishment option. For a substantial proportion of the population, the degree of first-mover unkindness...
Persistent link: https://www.econbiz.de/10010594622
and active monitoring. This paper reports the results from a stylized laboratory experiment designed to test whether …
Persistent link: https://www.econbiz.de/10010576947
Commitment problems are inherent to non-binding conflict resolution mechanisms, since an unsatisfied party can ignore the resolution and initiate conflict. We provide experimental evidence suggesting that even in the absence of binding contractual agreements individuals often avoid conflict by...
Persistent link: https://www.econbiz.de/10011263909
We report the results of an experiment designed to study whether or not having experienced booms and crashes in …
Persistent link: https://www.econbiz.de/10010719258
We introduce new treatments of a voluntary contribution mechanism with opportunities to punish in order to see how contributions, punishments and earnings change when punishment is in the form of fines the punisher distributes to other members of her group. The linked punishment-reward set up is...
Persistent link: https://www.econbiz.de/10010719265
We use an online real-effort experiment to investigate how bonus-based pay and worker productivity interact with …
Persistent link: https://www.econbiz.de/10010719272