1 to 10 of 27 Results
Jul 29, 2014 - AWI Experimental Economics
Becker, Johannes G.; Damianov, Damian S.; Oechssler, Jörg, 2014, "Uniform vs. discriminatory auctions with variable supply – experimental evidence [Dataset]", https://doi.org/10.11588/data/10013, heiDATA, V1, UNF:5:JkjthKWUQF+SGftTh1TTyg== [fileUNF]
In the variable supply auction considered here, the seller decides how many customers with unit demand to serve after observing their bids. Bidders are uncertain about the seller's cost. We experimentally investigate whether a uniform or a discriminatory price auction is better f... |
Jul 31, 2014 - AWI Experimental Economics
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, 2014, "Two are Few and Four are Many: Number Effects in Experimental Oligopoly [Dataset]", https://doi.org/10.11588/data/10017, heiDATA, V1, UNF:5:ZO79Xsj/X7piQu3p8pQheg== [fileUNF]
In this paper we investigate how the competitiveness of Cournot markets varies with the number of firms in an industry. We review previous Cournot experiments in the literature. Additionally, we conduct a new series of experiments studying oligopolies with two, three, four, and f... |
Jun 3, 2022 - AWI Experimental Economics
Oechssler, Jörg; Reischmann, Andreas; Sofianos, Andis, 2022, "The conditional contribution mechanism for repeated public goods - The general case [Data & Replication package]", https://doi.org/10.11588/data/ZPTF1X, heiDATA, V1
We present a new and simple mechanism for repeated public good environments. In the Conditional Contribution Mechanism (CCM), agents send two messages of the form, “I am willing to contribute x units to the public good if in total y units are contributed.” This mechanism offers a... |
Mar 22, 2018 - AWI Experimental Economics
Reischmann, Andreas; Oechssler, Jörg, 2018, "The Binary Conditional Contribution Mechanism for public good provision in dynamic settings - Theory and experimental evidence [Dataset]", https://doi.org/10.11588/data/QHN1KT, heiDATA, V1, UNF:6:oGAQOEsaP2z2MtFReyc6Uw== [fileUNF]
We present a new and simple mechanism for repeated public good environments. In the Binary Conditional Contribution Mechanism (BCCM), every agent's message has the form, “I am willing to contribute to the public good if at least k agents contribute in total.” This mechanism offer... |
Jul 30, 2014 - AWI Experimental Economics
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, 2014, "Stability of the Cournot Process - Experimental Evidence [Dataset]", https://doi.org/10.11588/data/10014, heiDATA, V1
We report results of experiments designed to test the predictions of the best-reply process. In a Cournot oligopoly with four firms, the best-reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such ins... |
Dürsch, Peter; Oechssler, Jörg; Vadovic, Radovan, 2014, "Sick Pay Provision in Experimental Labor Markets [Dataset]", https://doi.org/10.11588/data/10010, heiDATA, V2, UNF:6:gwZx9SQucrST4uvXCxHw0w== [fileUNF]
Sick pay is a common provision in most labor contracts. This paper employs an experimental gift exchange environment to explore two related questions using both managers and undergraduates as subjects. First, do workers reciprocate generous sick pay with higher effort? Second, do... |
Oct 28, 2020 - AWI Experimental Economics
Oechssler, Jörg; Roomets, Alex, 2020, "Savage vs. Anscombe-Aumann: an experimental investigation of ambiguity frameworks [Dataset]", https://doi.org/10.11588/data/RTQIUG, heiDATA, V1, UNF:6:znXzfO0UeSWMUd6rxjZvVw== [fileUNF]
The Savage and the Anscombe–Aumann frameworks are the two most popular approaches used when modeling ambiguity. The former is more flexible, but the latter is often preferred for its simplicity. We conduct an experiment where subjects place bets on the joint outcome of an ambiguo... |
Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; Schipper, Burkhard C., 2014, "Rage Against the Machines: How Subjects Learn to Play Against Computers [Dataset]", https://doi.org/10.11588/data/10024, heiDATA, V3, UNF:5:UE+VbT403TpvbwYdzJeHMQ== [fileUNF]
We use a large-scale internet experiment to explore how subjects learn to play against computers that are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, r... |
Brunner, Christoph; Hu, Audrey; Oechssler, Jörg, 2023, "Premium auctions and risk preferences: An experimental study [Dataset]", https://doi.org/10.11588/data/PWBT4U, heiDATA, V2, UNF:6:RjmtzIOU743u9SF+08bMgg== [fileUNF]
In premium auctions, the highest losing bidder receives a reward from the seller. This paper studies the private value English premium auction (EPA) for different risk attitudes of bidders. We explicitly derive the symmetric equilibrium for bidders with CARA utilities and conduct... |
Oct 28, 2014 - AWI Experimental Economics
Oechssler, Jörg; Schmidt, Carsten; Schnedler, Wendelin, 2014, "On the Ingredients for Bubble Formation: Informed Traders and Communication [Dataset]", https://doi.org/10.11588/data/10018, heiDATA, V2, UNF:5:CfRgi4YFxqGebpDZgTc48w== [fileUNF]
Bubbles in asset markets have been documented in numerous experiments. Most experiments in which bubbles occur feature a declining fundamental value. This feature has been criticized for being atypical of real financial markets. Here, we experimentally study other ingredients for... |
