Showing 1 - 10 of 16
The strategic implications of ties in extensive form games of perfect information are discussed, and a refinement of subgame-perfect equilibrium suggested. The idea is that threats and promises have to be credible in order to be part of an equilibrium strategy, as usual, but further that, if...
Persistent link: https://www.econbiz.de/10005225467
We apply the dynamic stochastic framework proposed in the recent evolutionary literature to a class of coordination games played simultaneously by the entire population. In these games, payoffs whence best replies are determined by a summary statistic of the population strategy profile. We...
Persistent link: https://www.econbiz.de/10005749640
, including the relationship between the Herfindahl index and social welfare, free versus socially optimal entry, concentration …
Persistent link: https://www.econbiz.de/10005749769
In a two period strategic model of entry deterrence (a la Dixit, 1980) where the incumbent firm moves before the …
Persistent link: https://www.econbiz.de/10005225479
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …
Persistent link: https://www.econbiz.de/10010722846
We study risk taking on behalf of others,both with and without potential losses. A large-scale incentivized experiment …
Persistent link: https://www.econbiz.de/10010722849
We use the strategy method to classify subjects into cooperator types in a large-scale online Public Goods Game and find that free riders spend more time on making their decisions than conditional cooperators and other cooperator types. This result is robust to reversing the framing of the game...
Persistent link: https://www.econbiz.de/10010722851
The burgeoning literature on the use of sanctions to support public goods provision has largely neglected the use of formal or centralized sanctions. We let subjects playing a linear public goods game vote on the parameters of a formal sanction scheme capable both of resolving and of...
Persistent link: https://www.econbiz.de/10008546994
therefore conducted an experiment to see if people make the predicted strategic move. The experiment uses a simple bargaining …
Persistent link: https://www.econbiz.de/10005749599
We study pure redistribution as a device to increase cooperation and efficiency in the provision of public goods. Experimental subjects play a two-stage game. The first stage is the standard linear public goods game. In the second stage, subjects can redistribute payoffs among other subjects in...
Persistent link: https://www.econbiz.de/10005749692