TY  - JOUR
A1  - Bruttel, Lisa Verena
A1  - Gueth, Werner
T1  - Asymmetric voluntary cooperation
BT  - a repeated sequential best-shot experiment
JF  - International Journal of Game Theory
N2  - This paper tests the robustness of voluntary cooperation in a sequential best shot game, a public good game in which the maximal contribution determines the level of public good provision. Thus, efficiency enhancing voluntary cooperation requires asymmetric behavior whose coordination is more difficult. Nevertheless, we find robust cooperation irrespective of treatment-specific institutional obstacles. To explain this finding, we distinguish three behavioral patterns aiming at both, voluntary cooperation and (immediate) payoff equality.
KW  - Best shot game
KW  - Coordination
KW  - Transfer
KW  - Refund
KW  - Experiment
Y1  - 2018
U6  - https://doi.org/10.1007/s00182-018-0633-y
SN  - 0020-7276
SN  - 1432-1270
VL  - 47
IS  - 3
SP  - 873
EP  - 891
PB  - Springer
CY  - Heidelberg
ER  - 
TY  - JOUR
A1  - Orland, Andreas
A1  - Rostam-Afschar, Davud
T1  - Flexible work arrangements and precautionary behavior
BT  - Theory and experimental evidence
JF  - Journal of economic behavior & organization
N2  - In the past years, work-time in many industries has become more flexible, opening up a new channel for intertemporal substitution: workers might, instead of saving, adjust their work-time to smooth consumption. To study this channel, we set up a two-period consumption/saving model with wage uncertainty. This extends the standard saving model by also allowing a worker to allocate a fixed time budget between two work-shifts. To test the comparative statics implied by these two different channels, we conduct a laboratory experiment. A novel feature of our experiments is that we tie income to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving and time allocation. Our main finding is that savings are strictly positive for at least 85 percent of subjects. We find that a majority of subjects also uses time allocation to smooth consumption and use saving and time shifting as substitutes, though not perfect substitutes. Part of the observed heterogeneity of precautionary behavior can be explained by risk preferences and motivations different from expected utility maximization. (c) 2021 Elsevier B.V. All rights reserved.
KW  - Precautionary saving
KW  - Labor supply
KW  - Intertemporal substitution
KW  - Experiment
Y1  - 2021
U6  - https://doi.org/10.1016/j.jebo.2021.09.015
SN  - 0167-2681
SN  - 1879-1751
VL  - 191
SP  - 442
EP  - 481
PB  - Elsevier
CY  - Amsterdam
ER  - 
TY  - JOUR
A1  - Bruttel, Lisa Verena
T1  - Is There a Loyalty-Enhancing Effect of Retroactive Price-Reduction Schemes?
JF  - Review of industrial organization
N2  - This paper presents an experiment on the effect of retroactive price-reduction schemes on buyers’ repeated purchase decisions. Such schemes promise buyers a reduced price for all units that are bought in a certain time frame if the total quantity that is purchased passes a given threshold. This study finds a loyalty-enhancing effect of retroactive price-reduction schemes only if the buyers ex-ante expected that entering into the scheme would maximize their monetary gain, but later learn that they should leave the scheme. Furthermore, the effect crucially hinges on the framing of the price reduction.
KW  - Buyer behavior
KW  - Experiment
KW  - Loss aversion
KW  - Rebate and discount
KW  - Regulation of dominant firms
KW  - Risk aversion
Y1  - 2018
U6  - https://doi.org/10.1007/s11151-018-9653-9
SN  - 0889-938X
SN  - 1573-7160
VL  - 54
IS  - 3
SP  - 575
EP  - 593
PB  - Springer
CY  - Dordrecht
ER  -