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payoffs. In a follow-up experiment, we directly provide managers with additional information about the relationship between …
Persistent link: https://www.econbiz.de/10010866254
This study uses an experimental approach to examine whether markets are sensitive to the internal incentive structure of the competitors. Toward this goal, we modeled the competitors in a price competition duopoly game as three-player teams. Each player simultaneously declares a bid (price) and...
Persistent link: https://www.econbiz.de/10005678679
experiment, groups decide on the implementation of various alternatives, some of which imply opposite interests for the two … subgroups. We investigate the occurrence of tacit and explicit collusion by allowing for communication within subgroups in one … symmetric collusive strategy for one subgroup, we find little evidence for tacit collusion. Only when explicit communication is …
Persistent link: https://www.econbiz.de/10010988968
We report an experiment in which subjects may learn from each other. Specifically, a “queue” of players who are … seldom observed in our experiment. We further analyze our data using a quantal response equilibrium approach and test for …
Persistent link: https://www.econbiz.de/10010988993
A recent experimental literature shows that truth-telling is not always motivated by pecuniary motives, and several alternative motivations have been proposed. However, their relative importance in any given context is still not totally clear. This paper investigates the relevance of pure lie...
Persistent link: https://www.econbiz.de/10010988998
We report on an experiment using video technology to study effects of communication on donations to and discrimination … communicate with an anonymous dictator before the latter decides on her gifts. Through the use of three communication setups (none …, audio, and audio-visual) we analyze purely social effects of communication. A silent video channel leads to discrimination …
Persistent link: https://www.econbiz.de/10010988999
experiment. The research objectives are to develop an empirical characterization of how individual behavior deviates from purely … resource game and then 10 additional rounds under one of five institutions: face-to-face communication, one of two external … regulations, and communication combined with one of the two regulations. The two external regulations consisted of an individual …
Persistent link: https://www.econbiz.de/10005711627
Persistent link: https://www.econbiz.de/10005711683
Persistent link: https://www.econbiz.de/10005711721
In many contest situations, such as R&D competition and rent seeking, participants’ costs are private information. We report the results of an experimental study of bidding in contests under different information and symmetry conditions about players’ costs of effort. The theory predicts...
Persistent link: https://www.econbiz.de/10010988962