Working Paper Series in Economics

From University of Cologne, Department of Economics
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56: Are efficiency wages equality wages? Exogenously induced fairness norms in working environments

Gary Bolton and Peter Werner

55: On the incidence of a financial transactions tax in a model with fire sales

Felix Bierbrauer

54: Too Much Information Sharing? Welfare Effects of Sharing Acquired Cost Information in Oligopoly

Juan-José Ganuza and Jos Jansen

53: Mechanism Design and Intentions

Felix Bierbrauer and Nick Netzer

52: Beyond the Need to Boast: Cost Concealment Incentives and Exit in Cournot Oligopoly

Jos Jansen

51: 'Hiding behind a small cake' in a newspaper dictator game

Axel Ockenfels and Peter Werner

50: Tacit Lobbying Agreements: An Experimental Study

Jens GroЯer, Ernesto Reuben and Agnieszka Tymula

49: The Dynamics of Cooperation in Group Lending - A Microfinance Experiment

Peter Werner

48: Wage Transparency and Performance: A Real-Effort Experiment

Ben Greiner, Axel Ockenfels and Peter Werner

47: Wars of Attrition with Stochastic Competition

Olivier Bos

46: All-Pay Auctions with Endogenous Rewards

Olivier Bos and Martin Ranger

45: Charity Auctions for the Happy Few

Olivier Bos

44: Redistributive Politics and Market Efficiency: An Experimental Study

Jens GroЯer and Ernesto Reuben

43: History-Dependent Individual Behavior, Polarization, and Pareto-Improving Activating Welfare

Peter Funk

42: Engineering Trust - Reciprocity in the Production of Reputation Information

Gary Bolton, Ben Greiner and Axel Ockenfels

41: Marktdesign und Experimentelle Wirtschaftsforschung

Axel Ockenfels

40: Risk Taking and Social Comparison - A Comment on “Betrayal Aversion: Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United Statesâ€

Gary Bolton and Axel Ockenfels

39: Managers and Students as Newsvendors - How Out-of-Task Experience Matters

Gary Bolton, Axel Ockenfels and Ulrich Thonemann

38: Investment decisions in Liberalized Electricity Markets: A framework of Peak Load Pricing with strategic firms

Gregor Zoettl

37: The Dynamic Interplay of Inequality and Trust - An Experimental Study

Ben Greiner, Axel Ockenfels and Peter Werner

36: Does Laboratory Trading Mirror Behavior in Real World Markets? Fair Bargaining and Competitive Bidding on EBay

Gary Bolton and Axel Ockenfels

35: Information Value and Externalities in Reputation Building - An Experimental Study

Gary Bolton and Axel Ockenfels

34: The Penalty-Duel and Institutional Design: Is there a Neeskens-Effect?

Wolfgang Leininger and Axel Ockenfels

33: The Limits of Trust in Economic Transactions - Investigations of Perfect Reputation Systems

Gary Bolton and Axel Ockenfels

32: How Social Reputation Networks Interact with Competition in Anonymous Online Trading: An Experimental Study

Gary Bolton, Claudia Loebbecke and Axel Ockenfels

31: Fringe firms: Are they better off in a heterogeneous market?

Susanne Wied-Nebbeling

30: How do coalitions get built - Evidence from an extensive form coalition game with renegotiation & externalities

Gary Bolton and Jeannette Brosig-Koch

29: Short-term price rigidity in an endogenous growth model: Non-Superneutrality and a non-vertical long-term Phillips-curve

Peter Funk and Bettina Kromen

28: Bad luck vs. self-inflicted neediness – An experimental investigation of gift giving in a solidarity game

Nadja Trhal and Ralf Radermacher

27: Sequential versus Bundle Auctions for Recurring Procurement

Veronika Grimm

26: Investment Incentives in Auctions: An Experiment

Veronika Grimm, Friederike Mengel, Giovanni Ponti and Lari Viianto

25: Access to Commitment Devices Reduces Investment Incentives in Oligopoly

Veronika Grimm and Gregor Zoettl

24: Bidding Behavior in Multi-Unit Auctions - An Experimental Investigation

Dirk Engelmann and Veronika Grimm

23: Capacity Choice under Uncertainty: The Impact of Market Structure

Veronika Grimm and Gregor Zoettl

22: Overcoming Incentive Constraints? The (In-)effectiveness of Social Interaction

Dirk Engelmann and Veronika Grimm

21: Herding, Social Preferences and (Non-) Conformity

Luca Corazzini and Ben Greiner

20: The impact of competition on unilateral incentives to innovate

Nadja Trhal

19: Risk aversion does not justify the introduction of mandatory unemployment insurance in the shirking model

Julia Fath and Clemens Fuest

18: Let the Dummy Talk! - Unilateral Communication and Discrimination in Three-Person Dictator Experiments -

Ben Greiner, Werner GÑŒth and Ro'i Zultan

17: The Influence of Information Externalities on the Value of Reputation Building - An Experiment

Gary Bolton and Axel Ockenfels

16: Inflation and Innovation-driven Growth

Peter Funk and Bettina Kromen

15: Competition and Growth in a Vintage Knowledge Model

Peter Funk

14: Purchasing Power Parity and the Real Exchange Rate in Bangladesh: A Nonlinear Analysis

Ibrahim Chowdhury

13: Asymmetric Dynamics in the Current Account: Evidence from Long-Horizon Data

Ibrahim Chowdhury, Gregory Gadzinski and Mathias Hoffmann

12: Debt Non-Neutrality, Policy Interactions, and Macroeconomic Stability

Ludger Linnemann and Andreas Schabert

11: Bounded Rationality in Bargaining Games: Do Proposers Believe That Responders Reject an Equal Split?

Ben Greiner

10: The Online Recruitment System ORSEE 2.0 - A Guide for the Organization of Experiments in Economics

Ben Greiner

9: False Consensus Voting and Welfare Reducing Polls

Jacob Goeree and Jens GroЯer

8: Neighborhood Information Exchange and Voter Participation: An Experimental Study

Jens GroЯer and Arthur Schram

7: Impulse Balance Equilibrium and Feedback in First Price Auctions

Axel Ockenfels and Reinhard Selten

6: Can Money Matter for Interest Rate Policy?

Matthias BrÑŒckner and Andreas Schabert

5: Trust among Internet Traders: A Behavioral Economics Approach

Gary Bolton, Elena Katok and Axel Ockenfels

4: On the Relevance of Open Market Operations

Andreas Schabert

3: How Effective are Electronic Reputation Mechanisms? An Experimental Investigation

Gary Bolton, Elena Katok and Axel Ockenfels

2: Preference Uncertainty, Voter Participation and Electoral Efficiency: An Experimental Study

Jens GroЯer, Tamar Kugler and Arthur Schram

1: Self Centered and Other Regarding Fairness in the Solidarity Game

Susanne BÑŒchner, Giorgio Coricelli and Ben Greiner