Showing 1 - 10 of 122
modelling a two-stage game of capacity investment and pricing with bounded rational players. We then design an experiment in …
Persistent link: https://www.econbiz.de/10010594633
Emerging literature explores experimental platform selection games. These games converge rapidly on the superior platform under a wide range of conditions. We replicate the remarkable results of Hossain and Morgan (2009) in which such a game tips almost perfectly to the superior platform. Next,...
Persistent link: https://www.econbiz.de/10010743944
-play communication. For this purpose, we first develop a new version of guilt aversion called personal guilt aversion. It is shown that … them. Given this observation, we then design an experiment that can test the new as well as original versions of the guilt … elicited beliefs and (trustful or trustworthy) behavior is almost zero even in an environment with pre-play communication. Thus …
Persistent link: https://www.econbiz.de/10010776760
Firms in markets such as health care and education are often profit constrained due to regulation or their non-profit status, and they are often viewed as being altruistic towards consumers. We use a spatial competition framework to study incentives for cost containment and quality provision by...
Persistent link: https://www.econbiz.de/10010594623
We provide a new rationale for bi-sourcing, which refers to the situation where a final goods producer buys an input from an outside supplier and also produces it in-house. We also show the effects of the product market competition and the implications of different and common outside input...
Persistent link: https://www.econbiz.de/10010573077
I describe ten situations in which experimental data may provide useful guidance to the study of cheap-talk games. Journal of Economic Literature Classification Numbers: C92, D8.
Persistent link: https://www.econbiz.de/10010702951
It is well known that communication often serves as a facilitator for cooperation in static games. Yet, communication … can serve entirely different purposes in dynamic settings as communication during the game may work as a means for … investigates cooperation and non-binding communication in a two-stage game. More specifically, two treatments are considered: one …
Persistent link: https://www.econbiz.de/10011048187
significantly reduces trust and that the broken trust can be greatly restored by group competition. Communication via an apology …
Persistent link: https://www.econbiz.de/10011116874
We present experimental evidence on the existence of lies which are disadvantageous to the person lying in individual decision problems. Potential reasons for this behavior are preferences for manipulating others’ perceptions or preserving a positive self-perception. If the utility gained from...
Persistent link: https://www.econbiz.de/10010608205
influence participation and effort. We contrast three incentive schemes in a real-effort experiment in which individuals decide …
Persistent link: https://www.econbiz.de/10010753269