Showing 1 - 10 of 10
The findings on the ultimatum game are considered as belonging to the most robust experimental results. In this paper we present a slightly altered version of the mini ultimatum game of Bolton and Zwick (1995). Whereas in the latter exactly equal splits were feasible in our games these were...
Persistent link: https://www.econbiz.de/10009574884
We investigate simultaneous and sequential price competition in duopoly markets with differentiated products. In both markets symmetric firms are repeatedly and randomly matched. The strategy method is used to elicit behavior in the sequential market. We find that average leader prices in the...
Persistent link: https://www.econbiz.de/10009617949
In this paper, we experimentally investigate the extended game with action commitment of Hamilton and Slutsky (1990). In their duopoly game, firms can choose their quantities in one of two periods before the market clears. If a firm commits to a quantity in period 1 it does not know whether the...
Persistent link: https://www.econbiz.de/10009580476
We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. For …
Persistent link: https://www.econbiz.de/10009580482
In this paper I consider a complex decision problem where subjects have to cope with a time horizon of uncertain duration and must update their termination probabilities which depend on stochastic events during "life". First I describe how economic theory suggests to solve the decision problem....
Persistent link: https://www.econbiz.de/10009581111
In theory, the incidence of a tax should be independent of which side of the market it is levied on. This principle of liability side equivalence underlies virtually all theories of tax incidence. Policy discussions, however, tend to place great emphasis on the legal division of tax payments. We...
Persistent link: https://www.econbiz.de/10009582390
This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision problem. There is evidence that risk attitudes depend on...
Persistent link: https://www.econbiz.de/10009582412
experiment where respondents have to detect corner solutions, that is, they should allocate to the venture either the maximum or … Allocation Strategy ; Entrepreneurship ; Questionnaire Experiment …
Persistent link: https://www.econbiz.de/10009583426
implement his model of the absent-minded driver problem in an experiment and find, if subjects are repeatedly randomly rematched …
Persistent link: https://www.econbiz.de/10009583877
In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …
Persistent link: https://www.econbiz.de/10009583883