Suchergebnisse

While all-pay auctions are well researched experimentally, we do not have much laboratory evidence on wars of attrition. This paper tries to fill this gap. Technically, there are only a few differences between wars of attrition and all-pay auctions. Behaviorally, however, we find striking differences: As many studies, our experiment finds overbidding in all-pay auctions. In contrast, in wars of attrition we observe systematic underbidding. We study bids and expenditures in different experimental frames and matching procedures and tie in with the literature on stepwise linear bidding functions. Adapted from the source document.

If migrants return to their origin countries, two questions arise which are of immediate economic interest for both immigration and emigration country: what determines their optimal migration duration, and what are the activities migrants choose after a return. This paper utilises a unique survey data set which records activities of returned migrants. (DSE/DÜI)