Experience and Gender Effects in an Acquiring-a-Company Experiment Allowing for Value Messages
Noemi Pace,
Daniela Di Cagno,
Arianna Galliera,
Werner G�th and
Luca Panaccione
Additional contact information
Werner G�th: Luiss Guido Carli, Rome, Frankfurt School of Finance and Management, Max Planck Institute, Bonn, Germany
Authors registered in the RePEc Author Service: Werner Güth (gueth@coll.mpg.de)
No 2015:30, Working Papers from Department of Economics, University of Venice "Ca' Foscari"
Abstract:
This paper focuses on a bargaining experiment in which the privately informed seller of a company sends a value message to the uninformed potential buyer who then proposes a price for acquiring the company. Participants are constantly in the role of either seller or buyer and interact over 30 rounds with randomly changing partners in the other role. We test how overstating the value of the company, underpricing the received value message and acceptance of price offers are affected by experience and gender (constellation). Like in our companion paper on single play (Di Cagno et al. 2015) we control via treatments for awareness of gender (constellation). One main hypothesis is that gender (constellation) matters but that the effects become weaker with more experience and that the main experience effects apply across gender (constellations).
Keywords: bargaining; cheap-talk; experience effect; experiment; gender; winner�s curse. (search for similar items in EconPapers)
JEL-codes: C78 C91 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2015
New Economics Papers: this item is included in nep-exp and nep-gth
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Citations: View citations in EconPapers (3)
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Related works:
Working Paper: Experience and Gender Effects in an Acquiring-a-Company Experiment Allowing for Value Messages (2015)
Working Paper: Experience and Gender Effects in an Acquiring-a-Company Experiment Allowing for Value Messages (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2015:30
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