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Blume, Andreas; Franco, April; Heidhues, Paul - Society for Economic Dynamics - SED - 2006

We study games in which players search for an optimal action profile. All action profiles are either a success, with a payoff of one, or a failure, with a payoff of zero. Players do not know the location of success profiles; instead each player is privately informed about the marginal...

Persistent link: https://www.econbiz.de/10005051236

Organisational structure, communication and group ethics

Ellman, Matthew; Pezanis-Christou, Paul - Barcelona Graduate School of Economics (Barcelona GSE) - 2007

This paper investigates experimentally how organisational decision processes affect the moral motivations of actors inside a firm that must forego profits to reduce harming a third party. In a "vertical" treatment, one insider unilaterally sets the harm-reduction strategy; the other can only...

Persistent link: https://www.econbiz.de/10010547180

Competitions with Forward Contracts: A Laboratory Analysis Motivated by Electricity Market Design

Brandts, Jordi; Pezanis-Christou, Paul; Schram, Arthur - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We use experiments to study the efficiency effects for a market as a whole of adding the possibility of forward …

Persistent link: https://www.econbiz.de/10010547195

Organizational Learning: An Experimental Investigation

Blume, Andreas; Duffy, John - Society for Economic Dynamics - SED - 2004

We propose to experimentally study decentralized organization learning. Our objective is to understand how learning … members of an organization cope with the confounding effects of the simultaneous learning of other agents. An important … distinction of our approach is that we test predictions from a simple stylized model of organizational learning with fully …

Persistent link: https://www.econbiz.de/10005069535