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Is a "firm" a firm? : a Stackelberg experiment

Hildenbrand, Andreas - 2013

Stackelberg experiment is considered in order to answer the question whether framing individual decision making as firm decision …

Persistent link: https://www.econbiz.de/10009739507

Social influences towards conformism in economic experiments

Heap, Shaun Hargreaves - 2014

This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...

Persistent link: https://www.econbiz.de/10010357371

An experiment on supply function competition

Bolle, Friedel; Grimm, Veronika; Ockenfels, Axel; del … - In: European Economic Review 63 (2013) C, pp. 170-185

We experimentally investigate key predictions of supply function equilibrium. While, overall, equilibrium organizes bidding behavior well, we observe three important deviations. First, bidding is sensitive to theoretically irrelevant changes of the demand distribution. Second, in a market with...

Persistent link: https://www.econbiz.de/10010702962

Does opponents’ experience matter? Experimental evidence from a quantity precommitment game

Le Coq, Chloé; Sturluson, Jon Thor - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 265-277

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

Who acts more like a game theorist? Group and individual play in a sequential market game and the effect of the time horizon

Müller, Wieland; Tan, Fangfang - In: Games and Economic Behavior 82 (2013) C, pp. 658-674

Previous experimental results on one-shot sequential two-player games show that group decisions are closer to the subgame-perfect Nash equilibrium than individual decisions. We extend the analysis of intergroup versus interindividual decision-making by running both one-shot and repeated sessions...

Persistent link: https://www.econbiz.de/10011049810

Bertrand competition with asymmetric costs: Experimental evidence

Boone, Jan; Aylwin, Larraín; Jose, María; Müller, Wieland - In: Economics Letters 117 (2012) 1, pp. 134-137

We provide supporting evidence from the laboratory for the Nash predictions of the homogeneous-good Bertrand model under asymmetric constant unit costs.

Persistent link: https://www.econbiz.de/10011041816

Tacit collusion under fairness and reciprocity

İriş, Doruk; Santos-Pinto, Luís - In: Games 4 (2013) 1, pp. 50-65

This paper departs from the standard profit-maximizing model of firm behavior by assuming that firms are motivated in part by personal animosity–or respect–towards their competitors. A reciprocal firm responds to unkind behavior of rivals with unkind actions (negative reciprocity), while at...

Persistent link: https://www.econbiz.de/10009753710

Pre-play communication with forgone costly messages : experimental evidence on forward induction

Blume, Andreas; Kriss, Peter H.; Weber, Roberto A. - 2014 - Revised version, September 2014

-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …

Persistent link: https://www.econbiz.de/10010402605

Do markets erode social responsibility?

Bartling, Björn; Weber, Roberto A. - 2013

This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs entirely mitigates the externality. Our data...

Persistent link: https://www.econbiz.de/10010208489

Price floors and competition

Dufwenberg, Martin; Gneezy, Uri; Goeree, Jacob; Nagel, … - In: Economic Theory 33 (2007) 1, pp. 211-224

Persistent link: https://www.econbiz.de/10005370708

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