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1“...Reciprocity in feedback giving distorts the production and content of reputation information in a market, hampering trust and trade efficiency. Guided by...”
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2“...Our recent working paper (Ambuehl, Ockenfels, and Stewart 2017) shows theoretically and experimentally that people with higher costs of information processing...”
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3“...The 2010 German 4G spectrum auction was an unusually large simultaneous ascending multi‐band auction. The bidding was competitive and the final assignment was...”
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4“...We investigate how bonus payments affect the satisfaction and performance of managers in a large multinational company. We find that falling behind a natural...”
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5by Ockenfels, Axel Werner, Peter Published in Journal of economic behavior & organization (01.12.2014)“...•Under public knowledge of group identities, we find substantial ingroup favoritism.•There is less ingroup favoritism if the recipient is unaware of the...”
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6“...We study strategic communication between a customer and an advisor who is privately informed about the most suitable choice for the customer but whose...”
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7“...We demonstrate that a simple model, constructed on the premise that people are motivated by both their pecuniary payoff and their relative payoff standing,...”
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8“...We compare how experienced procurement managers and students solve the newsvendor problem. We find that managers broadly exhibit the same kind of...”
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9“...One striking behavioral phenomenon is the “pull-to-center” bias in the newsvendor game: facing stochastic demand, subjects tend to order quantities between the...”
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10“...Many online markets encourage traders to make good after an unsatisfactory transaction by offering the opportunity to withdraw negative reputational feedback...”
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11“...Previous studies show that group risk taking can be more conservative than individual risk taking. Two common, but untested reasons for this greater caution...”
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12by Ambuehl, Sandro Ockenfels, Axel Roth, Alvin E Published in Journal of medical ethics (01.12.2020)“...[...]this study suggests that limits on payments are not justified if one takes subjects’ own objectives as the relevant normative standard. [...]a part of the...”
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13by PETER CRAMTON AXEL OCKENFELS STEVEN STOFT Published in Economics of energy & environmental policy (01.09.2013)“...Electricity capacity markets work in tandem with electricity energy markets to ensure that investors build adequate capacity in line with consumer preferences...”
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14“...Track vehicles to link tolls with demand and cut congestion, urge Peter Cramton, R. Richard Geddes and Axel Ockenfels...”
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15“...In second price Internet auctions with a fixed end time, such as those on eBay, many bidders submit their bids in the closing minutes or seconds of an auction...”
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16by Khalmetski, Kiryl Ockenfels, Axel Werner, Peter Published in Journal of economic theory (01.09.2015)“...People do not only feel guilt from not living up to others' expectations (Battigalli and Dufwenberg, 2007), but may also like to exceed them. We propose a...”
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17“...Human subjects in the newsvendor game place suboptimal orders: orders are typically between the expected profit‐maximizing quantity and mean demand...”
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18“...Electronic reputation or "feedback" mechanisms aim to mitigate the moral hazard problems associated with exchange among strangers by providing the type of...”
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19“...In a series of binary choice problems, we investigate how a chooser's risk taking changes when others share in their personal risk, either equally or...”
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