Experimental Laboratory for Economics and Business Research

Research


Working Papers

  1. Davis D. Douglas & Oleg Korenok “ Experimental Evidence on the Consistency of Cooperation in Infinitely Repeated Games ”
  2. Davis D. Douglas & Edward S. Prescott “ Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination, ” Federal Reserve Bank of Richmond Working Paper 15-02.
  3. Alisa G. Brink & Jennifer Coats & Frederick W. Rankin. “Who’s the Boss? The Economic and Behavioral Implications of Various Characterizations of the Superior in Participative Budgeting Research.”
  4. Alisa G. Brink & Jennifer Coats & Frederick W. Rankin. “Deceptive Superiors and Budgetary Reporting: An Experimental Investigation.”
  5. Alisa G. Brink & Jessen Hobson & Doug Stevens. “The Effect of High Power Financial Incentives on Excessive Risk-Taking Behavior: An Experimental Examination Incorporating Earnings Management.”
  6. Alisa G. Brink & Sean Collins. “Fundamental Traders and Momentum in Laboratory Asset Markets.”
  7. Eric Gooden. “When the Truth Falls on Deaf Ears: The Impact of Investment Horizon and Forthcomingness on Investors’ Long-Term Credibility Assessments of Managers”
  8. Eric Gooden & Allen Blay & Mark Mellon & Doug Stevens “Can Moral Reasoning Reduce Auditor Misreporting? An Experimental Examination of Investor Salience and an Auditor Sign-off Requirement”
  9. Eric Gooden & Mark Mellon.  “Examining the Determinants of Moral Judgments Regarding Auditor Shirking Behavior: The Unintended Consequences of Economic Rewards and Penalties”
  10. Eric Gooden & Allen Blay & Mark Mellon & Doug Stevens.  “Is an Auditor Who Is Named Just as Sweet? The Perverse Effects of Engagement Partner Identity Disclosure”
  11. Oleg Korenok & Edward L. Millner & Laura Razzolini. "Is Giving Equivalent to Not Taking in Dictator Games?"
  12. Laura Razzolini & Emmanuel Dechnaux & Shakun D. Mago. “Traffic Congestion: An Experimental Study of the Downs-Thompson Paradox”
  13. Laura Razzolini & Charles A. Holt & Andrew Kydd & Roman Sheremeta. “The Paradox of Misaligned Profiling: Theory and Experimental Evidence”
  14. Jens Schubert. "The Impact of Forward Trading on Tacit Collusion: Experimental Evidence"
  15. Jens Schubert & Christian Vossler & Michael Price. "Uncertainty and the WTA-WTP Disparity for Private and Public Goods"
  16. Jens Schubert &  Luiz Lima & Michael Price "Creating Bubbles Out of Thin Air: The Effect of Biased Reward Functions on Price Convergence and Volatility"

Publications

2010-15/forthcoming

  1. Reilly, Robert J. & Davis, Douglas D.. Forthcoming. "On Freezing Depositor Funds at Financially Distressed Banks: An Experimental Analysis " Journal of Money Credit and Banking.
  2. Davis, Douglas D. & Ivanov, Asen & Korenok, Oleg, Forthcoming. "Individual Characteristics and Behavior in Repeated Games: An Experimental Study " Experimental Economics.
  3. Brink, Alisa. G, Forthcoming. "What's in a name? How the framing of incentives can impact employee behavior." Strategic Finance.
  4. Brink, Alisa G. & Eric Gooden & Meha Kohli Mishra, Forthcoming “The Impact of Rule Precision, Information Ambiguity, and Conflicting Incentives on Aggressive Reporting Decisions.” Advances in Accounting Behavioral Research , Emerald, vol.17.
  5. Cox, Caleb & Stoddard, Brock. 2015. "Framing and feedback in social dilemmas with partners and strangers. " Games, 6(4), pages 394-412.
  6. Cox, Caleb & Jones, Matthew & Pflum, Kevin & Healy, Paul J. 2015. "Revealed reputations in the finitely-repeated prisoners’ dilemma. " Economic Theory, 58(3), pages 441-484.
  7. Cox, Caleb. 2015. "Cursed beliefs with common-value public goods." Journal of Public Economics, 121, pages 52-65.
  8. Cox, Caleb. 2015. "Decomposing the effects of negative framing in linear public goods games. " Economics Letters, 126, pages 63-65.
  9. Douglas Davis. & Reilly, Robert J. 2015. "Uncertainty, Risk Aversion, and WTA vs. WTP: A Reexamination." Theory and Decision 78, pages 261-272.
  10. Davis, Douglas D. & Korenok, Oleg & Prescott, Edward S. 2014. "An Experimental Analysis of Contingent Capital with Market-Price Triggers," Journal of Money, Credit and Banking 46 (5), pages 999-1033.
  11. Brink, Alisa G. & Lowe, Jordan & Victoravich, Lisa. 2013. " The Effect of Evidence Strength and Internal Rewards on Reporting Intentions in the Dodd-Frank Regulatory Environment." Auditing: A Journal of Practice and Theory 32 (3): ): 87-104. http://dx.doi.org/10.2308/ajpt-50449
  12. Brink, Alisa G. & Rankin, Frederick W. 2013. "The Effects of Risk Preference and Loss Aversion on Individual Behavior under Bonus, Penalty and Combined Contract Frames." Behavioral Research in Accounting 25 (2). http://dx.doi.org/10.2308/bria-50408
  13. Cox, Caleb. 2013. "Inequity aversion and advantage seeking with asymmetric competition." Journal of Economic Behavior and Organization, 86, pages 121-136.
  14. Davis, Douglas D., 2013. "Advance Production, Inventories, And Market Power: An Experimental Investigation," Economic Inquiry, Western Economic Association International, vol. 51(1), pages 941-958, 01.
  15. Korenok, Oleg & Millner, Edward L. & Razzolini, Laura, 2013. "Impure altruism in dictators' giving," Journal of Public Economics, Elsevier, vol. 97(C), pages 1-8.
  16. Davis, Douglas D. & Reilly, Robert J., 2012. "On Uncertainty and the WTA-WTP Gap," Economics Bulletin, AccessEcon, vol. 32(3), pages 2594-2605.
  17. Korenok, Oleg & Millner, Edward L. & Razzolini, Laura, 2012. "Are dictators averse to inequality?," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 543-547.
  18. Brink, Alisa G., 2011. "The Effect of Contract Frame on the Perceived Fairness and Planned Effort under Economically Equivalent Bonus, Penalty, and Combination Contracts." Journal of Theoretical Accounting Research 6 (2): 145-153
  19. Davis, Douglas & Korenok, Oleg, 2011. "Nominal shocks in monopolistically competitive markets: An experiment," Journal of Monetary Economics, Elsevier, vol. 58(6), pages 578-589.
  20. Davis, Douglas, 2011. "Behavioral convergence properties of Cournot and Bertrand markets: An experimental analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 443-458.
  21. Ivanov, Asen, 2011. "Attitudes to ambiguity in one-shot normal-form games: An experimental study,"Games and Economic Behavior, Elsevier, vol. 71(2), pages 366-394, March.
  22. K. Triantis & S. Sarangi & D. Teodorović & L. Razzolini, 2011. "Traffic congestion mitigation: combining engineering and economic perspectives," Transportation Planning and Technology, Taylor and Francis Journals, vol. 34(7), pages 637-645, April.
  23. Davis, Douglas & Korenok, Oleg & Reilly, Robert, 2010. "Cooperation without coordination: signaling, types and tacit collusion in laboratory oligopolies," Experimental Economics, Springer, vol. 13(1), pages 45-65, March.

2000-2009

  1. Davis, Douglas, 2009. "Pure numbers effects, market power, and tacit collusion in posted offer markets,"Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 475-488, October.
  2. Asen Ivanov & Dan Levin & James Peck, 2009. "Hindsight, Foresight, and Insight: An Experimental Study of a Small-Market Investment Game with Common and Private Values,"American Economic Review, American Economic Association, vol. 99(4), pages 1484-1507, September.
  3. Douglas Davis & Oleg Korenok & Robert Reilly, 2009. "Re-matching, information and sequencing effects in posted offer markets,"Experimental Economics, Springer, vol. 12(1), pages 65-86, March.
  4. Douglas D. Davis & Oleg Korenok, 2009. "Posted Offer Markets In Near-Continuous Time: An Experimental Investigation,"Economic Inquiry, Western Economic Association International, vol. 47(3), pages 449-466, 07.
  5. Lisa R. Anderson & Emily Blanchard & Kelly Chaston & Charles Holt & Laura Razzolini & Robert Singleton (2008). "Production and Gains from Trade," Prespectives on Economic Education Research 4(1).
  6. Yan Chen & Laura Razzolini & Theodore Turocy, 2007. "Congestion allocation for distributed networks: an experimental study,"Economic Theory, Springer, vol. 33(1), pages 121-143, October.
  7. Davis, Douglas D. & Wilson, Bart J., 2008. "Strategic buyers, horizontal mergers and synergies: An experimental investigation,"International Journal of Industrial Organization, Elsevier, vol. 26(3), pages 643-661, May.
  8. Davis, Douglas D. & Holt, Charles A., 2008. "The Exercise of Market Power in Laboratory Experiments,"Handbook of Experimental Economics Results, Elsevier. 
  9. Davis, Douglas D. & Holt, Charles A., 2008. "The Effects of Collusion in Laboratory Experiments," Handbook of Experimental Economics Results, Elsevier. 
  10. Davis, Douglas D. & Wilson, Bart J., 2008. "Mixed Strategy Nash Equilibrium Predictions as a Means of Organizing Behavior in Posted-Offer Market Experiments," Handbook of Experimental Economics Results, Elsevier.
  11.  Douglas D. Davis & Laura Razzolini & Robert Reilly & Bart J. Wilson, 2006. "Raising Revenues for Charity: Auctions versus Lotteries," in D.D. Davis and R. Mark Isaac (eds.) Research in Experimental Economics, vol 11. JAI Press, New York. 49-95 (2006).
  12. Douglas D. Davis, 2006. "Rebate subsidies, matching subsidies and isolation effects,"Judgment and Decision Making, Society for Judgment and Decision Making, vol. 1, pages 13-22.
  13. Laura Razzolini & Michael Reksulak & Robert Dorsey, 2007. "An Experimental Evaluation of the Serial Cost Sharing Rule,"Theory and Decision, Springer, vol. 63(3), pages 283-314, November.
  14. Davis, Douglas and R. Mark Isaac (eds.) Research in Experimental Economics, vol. 11 Experiments Investigating Fundrasing and Charitable Contributions,  JAI Press, New York (2006).
  15. Douglas Davis & Bart Wilson, 2006. "Equilibrium Price Dispersion, Mergers and Synergies: An Experimental Investigation of Differentiated Product Competition," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 13(2), pages 169-194, July.
  16. Douglas Davis & Edward Millner & Robert Reilly, 2005. "Subsidy Schemes and Charitable Contributions: A Closer Look,"Experimental Economics, Springer, vol. 8(2), pages 85-106, June.
  17. Davis, Douglas D. & Wilson, Bart J., 2005. "Differentiated product competition and the Antitrust Logit Model: an experimental analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 57(1), pages 89-113, May.
  18. Douglas D. Davis & Edward L. Millner, 2005. "Rebates, Matches, and Consumer Behavior," Southern Economic Journal, Southern Economic Association, vol. 72(2), pages 410-421, October.
  19. Douglas Davis & Robert Reilly & Bart Wilson, 2003. "Cost Structures and Nash Play in Repeated Cournot Games,"Experimental Economics, Springer, vol. 6(2), pages 209-226, October.
  20. Robert Dorsey & Laura Razzolini, 2003. "Explaining Overbidding in First Price Auctions Using Controlled Lotteries,"Experimental Economics, Springer, vol. 6(2), pages 123-140, October.
  21. Douglas D. Davis, 2002. "Collusion in Procurement Auctions: an Experimental Examination,"Economic Inquiry, Oxford University Press, vol. 40(2), pages 213-230, April.
  22. Davis, Douglas D., 2002. "Strategic interactions, market information and predicting the effects of mergers in differentiated product markets," International Journal of Industrial Organization, Elsevier, vol. 20(9), pages 1277-1312, November.
  23. Douglas D. Davis & Bart J. Wilson, 2000. "symposium articles : Firm-specific cost savings and market power,"Economic Theory, Springer, vol. 16(3), pages 545-565.

    1982-1999

    1. Davis, Douglas D., 1999. "Advance production and Cournot outcomes: an experimental investigation,"Journal of Economic Behavior & Organization, Elsevier, vol. 40(1), pages 59-79, September.
    2. Davis, Douglas D & Reilly, Robert J, 1999. " Rent-Seeking with Non-identical Sharing Rules: An Equilibrium Rescued,"Public Choice, Springer, vol. 100(1-2), pages 31-38, July.
    3. Douglas D. Davis & Charles A. Holt, 1999. "Equilibrium cooperation in two-stage games: Experimental evidence,"International Journal of Game Theory, Springer, vol. 28(1), pages 89-109.
    4. Davis, Douglas D & Holt, Charles A, 1998. "Conspiracies and Secret Discounts in Laboratory Markets," Economic Journal, Royal Economic Society, vol. 108(448), pages 736-56, May.
    5. Davis, Douglas D & Reilly, Robert J, 1998. " Do Too Many Cooks Always Spoil the Stew? An Experimental Analysis of Rent-Seeking and the Role of a Strategic Buyer," Public Choice, Springer, vol. 95(1-2), pages 89-115, April.
    6. ouglas Davis & Robert Reilly, 1998. "Do too many cooks always spoil the stew? An experimental analysis of rent-seeking and the role of a strategic buyer," Public Choice, Springer, vol. 95(1), pages 89-115, April.
    7. Douglas D. Davis & K. Ramagopal, 1998. "Demand shocks, advance production and market power: some lessons about markets from the laboratory," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 19(4-5), pages 205-223.
    8. Davis, Douglas D. & Williams, Arlington W., 1997. "The effects of nonstationarities on performance in call markets,"Journal of Economic Behavior & Organization, Elsevier, vol. 32(1), pages 39-54, January.
    9. Davis, Douglas D. & Harless, David W., 1996. "Group vs. Individual Performance in a Price-Searching Experiment,"Organizational Behavior and Human Decision Processes, Elsevier, vol. 66(2), pages 215-227, May.
    10. Douglas D. Davis & Charles A. Holt, 1996. "Price rigidities and institutional variations in markets with posted prices,"Economic Theory, Springer, vol. 9(1), pages 63-80.
    11. Douglas D. Davis & Charles A. Holt, 1996. "Markets with posted prices: recent results from the laboratory,"Investigaciones Economicas, Fundación SEPI, vol. 20(3), pages 291-320, September.
    12. Harless, David W. & Camerer, Colin F., 1995. "An error rate analysis of experimental data testing Nash refinements,"European Economic Review, Elsevier, vol. 39(3-4), pages 649-660, April.
    13. Harless, David W & Camerer, Colin F, 1994. "The Predictive Utility of Generalized Expected Utility Theories,"Econometrica, Econometric Society, vol. 62(6), pages 1251-89, November.
    14. Davis, Douglas D. & Holt, Charles A., 1994. "The effects of discounting opportunities in laboratory posted-offer markets,"Economics Letters, Elsevier, vol. 44(3), pages 249-253.
    15. Douglas D. Davis & Charles A. Holt, 1994. "Market Power and Mergers in Laboratory Markets with Posted Prices,"RAND Journal of Economics, The RAND Corporation, vol. 25(3), pages 467-487, Autumn.
    16. Davis Douglas D. & Holt Charles A., 1994. "Equilibrium Cooperation in Three-Person, Choice-of-Partner Games,"Games and Economic Behavior, Elsevier, vol. 7(1), pages 39-53, July.
    17. Harless, David, 1993. "Experimental tests of prospective reference theory," Economics Letters, Elsevier, vol. 43(1), pages 71-76.
    18. Davis Douglas D. & Holt Charles A., 1993.  Experimental Economics. Princeton University Press: Princeton N.J. 
    19. Davis, Douglas D. & Harrison, Glenn W. & Williams, Arlington W., 1993. "Convergence to nonstationary competitive equilibria : An experimental analysis,"Journal of Economic Behavior & Organization, Elsevier, vol. 22(3), pages 305-326, December.
    20. Davis, Douglas D. & Holt, Charles a., 1993. "Experimental economics: Methods, problems and promise," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 8(2), pages 179-212.
    21. Harless, David W., 1992. "Predictions about indifference curves inside the unit triangle : A test of variants of expected utility theory," Journal of Economic Behavior & Organization, Elsevier, vol. 18(3), pages 391-414, August.
    22. Harless, David W, 1992. "Actions versus Prospects: The Effect of Problem Representation on Regret,"American Economic Review, American Economic Association, vol. 82(3), pages 634-49, June.
    23. Millner, Edward L & Pratt, Michael D, 1991. " Risk Aversion and Rent-Seeking: An Extension and Some Experimental Evidence," Public Choice, Springer, vol. 69(1), pages 81-92, February.
    24. Davis, Douglas D & Williams, Arlington W, 1991. "The Hayek Hypothesis in Experimental Auctions: Institutional Effects and Market Power," Economic Inquiry, Oxford University Press, vol. 29(2), pages 261-74, April.
    25. Peterson, Steven P. & Reilly, Robert J., 1991. "The rationality of expectations: the blomqvist experiment reconsidered,"Journal of Economic Psychology, Elsevier, vol. 12(3), pages 527-533, September.
    26. Edward L. Millner & Michael D. Pratt & Robert J. Reilly, 1990. "Contestability in Real-Time Experimental Flow Markets," RAND Journal of Economics, The RAND Corporation, vol. 21(4), pages 584-599, Winter.
    27. Davis, Douglas D. & Williams, Arlington W., 1990. "Market power and the institutional asymmetry of the posted offer trading institution," Economics Letters, Elsevier, vol. 34(3), pages 211-214, November.
    28. Harless, David W., 1989. "More laboratory evidence on the disparity between willingness to pay and compensation demanded," Journal of Economic Behavior & Organization, Elsevier, vol. 11(3), pages 359-379, May.
    29. Millner, Edward L. & Pratt, Michael D. & Reilly, Robert J., 1988. "A re-examination of Harrison's experimental test for risk aversion,"Economics Letters, Elsevier, vol. 27(4), pages 317-319.
    30. Davis, Douglas D., 1987. "Maximal quality selection and discrimination in employment,"Journal of Economic Behavior & Organization, Elsevier, vol. 8(1), pages 97-112, March.
    31. Davis, Douglas D. & Williams, Arlington W., 1986. "The effects of rent asymmetries in posted offer markets,"Journal of Economic Behavior & Organization, Elsevier, vol. 7(3), pages 303-316, September.
    32. Reilly, Robert J, 1982. "Preference Reversal: Further Evidence and Some Suggested Modifications in Experimental Design," American Economic Review, American Economic Association, vol. 72(3), pages 576-84, June.
         

        External Funding


        1. Davis, Douglas D., Reilly, Robert, "Financial Market Experiments " National Science Foundation, 2014-2017.
        2. Ivanov, Asen, "Contingent Reasoning and Bayesian Updating in Games of Incomplete Information: An Experimental Analysis" National Science Foundation, 2010-2012.
        3. Davis, Douglas D., Korenok, Oleg, "Some Market Experiments with Policy Implications" National Science Foundation, 2010-2013.
        4. Razzolini, Laura, "Predicting the Nature of Conflict - An Evolutionary Analysis of the Tactical Choice" National Science Foundation, 2009-2012.
        5. Davis, Douglas D., "Posted-Offer Markets and Oligopoly Games in Near-Continuous Time: An Experimental Investigation" National Science Foundation, 2005-2009. (REU supplement June 2007) 
        6. Razzolini, Laura, "Collaborative Research: Traffic Congestion: Actions and Reactions," National Science Foundation, HDS grant $ 91,992,  2005-2009.
        7. Davis, Douglas D.,"Fixed Cost Efficiencies and Post-Merger Prices: An Experimental Investigation," Federal Trade Commission, 2002-2003. 
        8. Davis, Douglas D.,"Differentiated Product Competition and the Antitrust Logit Model," National Science Foundation, 2000-2004. (REU supplement, June 2002) 
        9. Davis, Douglas D., "Laboratory Markets with Posted Prices:  Discounts, Search Costs, and Demand Shocks," National Science Foundation, 1994-1997. (REU supplement, June 2007). 
        10. Davis, Douglas D., "Cooperation in Finitely Repeated Games," National Science Foundation, 1990 - 1992.