Fang-Fang Tang

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Adaptive learning and a fairness motive we call ''punishment'' are the basis for two prominent and substantially different types of theories of ultimatum bargaining behavior. We compare adaptive learning and fairness in an experiment that involves punishment and reward versions of the ultimatum game. We draw conclusions concerning the abilities and(More)
This is the rst systematic experimental study of the comparative performance of two incentive compatible mechanisms for public goods provision: the Basic Quadratic mechanism by Groves and Ledyard and the Paired-Diierence mechanism by W alker. Our experiments demonstrate that the performance of the Basic Quadratic mechanism under a high punishment parameter(More)
The idea that trust is a stumbling block in the growth of Internet activities is not a new one. As many researchers have recognized, lack of trust can create problems for commerce in general, and for e-commerce in particular [3]. In 1997, one of the first e-commerce market surveys showed that consumers had strong privacy concerns about shopping on the(More)
Empirical analysis from several recent studies has shown mixed results on the " frictionless market " hypothesis, claimed by many, about Internet retailing compared to conventional channels. This study takes a different approach to deal with this paradox of online retailing. Focusing on a homogenous product (videotapes), we use the data set collected(More)
Despite of the suffering from an economic crisis in 1997, broadband Internet access growth in South Korea had been remarkable. By December 2000, there were 19 million Internet users, 40% of the population, of which 3.96 million households were using broadband technology to access the Internet. This represents more than tenfold increase from the previous(More)
Keywords: Cross-sectional heterogeneity Dotcom Online branch of multichannel retailer Price dispersion Price level a b s t r a c t The explosive growth of Internet retailing offers an excellent opportunity to collect online prices at a dis-aggregate (e.g., individual store and/or individual product) level over time and to investigate the evolution of(More)