Suchergebnisse

Experimental Business Research includes papers that were presented at the First Asian Conference on Experimental Business Research held at the Hong Kong University of Science and Technology (HKUST), on December 7-10, 1999. The conference was organized by the Center for Experimental Business Research (cEBR) at the HKUST. The papers presented at the conference and a few others that were solicited especially for this volume contain original research on individual and interactive decision behavior in various branches of business research including, but not limited to, economics, marketing, management, finance, and accounting. Experimental Business Research is suitable as a secondary text for a graduate level course, and as a reference for researchers and practitioners in industry

We compare experimentally two contest designs. In the between-group design (BGD), cohorts compete with one another in stage 1 and a single cohort is then advance to stage 2. In stage 2, members of this cohort compete for a single prize. In the within-group design (WGD), the order of the competition is reversed. Our findings support the theoretical conclusion that the WGD is superior to BGD in generating more expenditure. They also show that if the cohorts are fixed, small, and interact repeatedly over time, then tacit collusion in the WGD, but not the BGD, leads to suppression of expenditures. Adapted from the source document.