Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10010528943
Persistent link: https://www.econbiz.de/10011406848
Persistent link: https://www.econbiz.de/10003450896
Within-group communication in competitive coordination games has been shown to increase competition between groups and … lower efficiency. This study further explores potentially harmful effects of communication, by addressing the questions of … (i) asymmetric communication and (ii) the endogenous emergence of communication. Our theoretical analysis provides …
Persistent link: https://www.econbiz.de/10012970700
Persistent link: https://www.econbiz.de/10013257728
reveals that such intra-play communication after capacity but before price choices has a collusive effect only for capacity …
Persistent link: https://www.econbiz.de/10011944106
In capacity-then-price-setting games, soft capacity constraints are planned sales amounts where producing above capacity is possible but more costly. While the subgame perfect equilibrium predicts equal prices, experimental evidence often reveals price discrepancies. This failure to coordinate...
Persistent link: https://www.econbiz.de/10011976964
Persistent link: https://www.econbiz.de/10014490138
We modify the Acquiring-a-Company game to study lying in ultimatum bargaining. Privately informed sellers send messages about the alleged value of their company to potential buyers. Via random information leaks, buyers can learn the true value before proposing a price which the seller finally...
Persistent link: https://www.econbiz.de/10014265847
Costless pre-play communication has been shown to effectively facilitate within-group coordination. However, in … costly efforts. We find that allowing within-group communication makes groups compete more aggressively. When only one group …. However, the communicating group earns payoffs that are not different from the baseline contest without any communication …
Persistent link: https://www.econbiz.de/10013029381