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Experimental analysis of asset markets, workplace tournaments and crime deterrence

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posted on 13.12.2020, 00:38 by ZHENGYANG BAO
This thesis uses the experimental methodology to understand three important topics in economics and finance. In the first chapter, we explore the trading of assets without positive fundamental values and find that these assets are prone to larger bubbles than assets with positive fundamental values. In the second chapter, we study a complementary safeguard which guarantees a higher minimum wage. Contrary to our conjecture, such a safeguard does not decrease the gender gap in wages but increases it. In the final chapter, we develop a novel mechanism to utilize insider information to apprehend the most guilty criminal in the crime network and enhance deterrence. The experimental data confirm that the new mechanism is more effective compared to the random audit mechanism, but is less effective than the Nash equilibrium predicts.


Campus location


Principal supervisor

Andreas Leibbrandt

Additional supervisor 1

Lata Gangadharan

Additional supervisor 2

C. Matthew Leister

Year of Award


Department, School or Centre



Doctor of Philosophy

Degree Type


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