Georg Kirchsteiger
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View article: The Enforcement Dilemma of EU Fiscal Rules
The Enforcement Dilemma of EU Fiscal Rules Open
Effective enforcement is an essential element of any fiscal rule. The EU's Stability and Growth Pact has been struggling with this truism since inception. We show that its effectiveness goes beyond the threat of fines. The notion that defi…
View article: Does Voluntary Information Disclosure Lead to Less Cooperation than Mandatory Disclosure? Evidence from a Sequential Prisoner's Dilemma Experiment
Does Voluntary Information Disclosure Lead to Less Cooperation than Mandatory Disclosure? Evidence from a Sequential Prisoner's Dilemma Experiment Open
In sequential social dilemmas with stranger matching, initiating cooperation is inherently risky for the first mover. The disclosure of the second mover’s past actions may be necessary to instigate cooperation. We experimentally compare th…
View article: The good, the bad, and the ordinary: Estimating agent value-added using real estate transactions
The good, the bad, and the ordinary: Estimating agent value-added using real estate transactions Open
Despite the prevalence and high cost of real estate agents, there is limited empirical evidence as to the nature or efficacy of their services. In this paper we estimate real estate agents' value-added when either selling or buying homes u…
View article: Do traders learn to select efficient market institutions?
Do traders learn to select efficient market institutions? Open
When alternative market institutions are available, traders have to decide both where and how much to trade. We conducted an experiment where traders decided first whether to trade in an (efficient) double-auction institution or in a poste…
View article: Repeated Interaction and Its Impact on Cooperation and Surplus Allocation—An Experimental Analysis
Repeated Interaction and Its Impact on Cooperation and Surplus Allocation—An Experimental Analysis Open
This paper investigates how the possibility of affecting group composition combined with the possibility of repeated interaction impacts cooperation within groups and surplus distribution. We developed and tested experimentally a Surplus A…
View article: Cheap Talk is not Cheap: Free versus Costly Communication
Cheap Talk is not Cheap: Free versus Costly Communication Open
The paper studies the effectiveness of communication in a two-player two-sided asymmetric information context. Both players choose simultaneously between two actions, with action L leading to a lower payoff for the co-player than action H.…
View article: Timing uncertainty in collective risk dilemmas encourages group reciprocation and polarization
Timing uncertainty in collective risk dilemmas encourages group reciprocation and polarization Open
Social dilemmas are often shaped by actions involving uncertain returns only achievable in the future, such as climate action or voluntary vaccination. In this context, uncertainty may produce non-trivial effects. Here, we assess experimen…
View article: Essays in Organizational Economics
Essays in Organizational Economics Open
This thesis consists of three independent essays which contribute to the literatures on organizational and regulatory economics.In the first part of the dissertation, I address questions related to the optimal incentive provision in hierar…
View article: Endogenous Repeated Cooperation and Surplus Distribution - An Experimental Analysis
Endogenous Repeated Cooperation and Surplus Distribution - An Experimental Analysis Open
This paper investigates experimentally how the endogenous group formation combined with the possibility of repeated interaction impacts cooperation levels and surplus distribution. We developed a Surplus Production Distribution Game where …