Showing 1 - 10 of 213
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment …
Persistent link: https://www.econbiz.de/10011338000
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …
Persistent link: https://www.econbiz.de/10010371113
introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a … experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at …
Persistent link: https://www.econbiz.de/10013375345
experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
Persistent link: https://www.econbiz.de/10011339153
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011256616
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10010324683
We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants) and large markets (about 100 participants). In...
Persistent link: https://www.econbiz.de/10011979625
We study the emergence of bubbles in a laboratory experiment with large groups of individuals. The realized price is …
Persistent link: https://www.econbiz.de/10012892070
Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers …' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are …
Persistent link: https://www.econbiz.de/10011349214