@article{Orland2016,
  author    = {Orland, Andreas},
  title     = {Personality traits and the perception of macroeconomic indicators},
  series = {Bulletin of Economic Research},
  volume    = {69},
  journal   = {Bulletin of Economic Research},
  number    = {4},
  publisher = {Wiley},
  address   = {Hoboken},
  issn      = {0307-3378},
  doi       = {10.1111/boer.12110},
  pages     = {E150 -- E172},
  year      = {2016},
  abstract  = {I examine the determinants of both perceived inflation and unemployment in one single survey and include Big Five traits in the analysis. This is the first survey on this topic in Germany. My sample consists of 1771 students from different fields and levels. Using PhD students' estimates as a reference, I create categories for underestimation and overestimation of both variables. Multinomial logit regressions show that females overestimate both variables. Education and news consumption reduce misestimation. A higher level of Neuroticism is related with a higher probability to overestimate unemployment. Overstating (understating) one indicator is associated with overstating (understating) the other.},
  language  = {en}
}
@article{OrlandSelten2016,
  author    = {Orland, Andreas and Selten, Reinhard},
  title     = {Buyer power in bilateral oligopolies with advance production: Experimental evidence},
  series = {Applied surface science : a journal devoted to applied physics and chemistry of surfaces and interfaces},
  volume    = {122},
  journal   = {Applied surface science : a journal devoted to applied physics and chemistry of surfaces and interfaces},
  publisher = {Elsevier},
  address   = {Amsterdam},
  issn      = {0167-2681},
  doi       = {10.1016/j.jebo.2015.11.016},
  pages     = {31 -- 42},
  year      = {2016},
  abstract  = {We conduct experiments based on the oligopoly model by Kreps and Scheinkman (1983) to assess the impact of demand side concentration on market outcomes. Both buyers and sellers in our markets are humans. The number of firms is fixed at three in all treatments. Only the number of buyers is varied and total demand is split equally among them. We observe that firms set lower prices in markets with only few buyers, namely one or two. Price dispersion is higher in markets with few buyers. Aggregate demand withholding decreases with the number of buyers. This results in lower profits for firms and higher profits for buyers in markets with few buyers. (C) 2015 Elsevier B.V. All rights reserved.},
  language  = {en}
}