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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
We present a lab-field experiment designed to assess systematically the external validity of social preferences elicited in a variety of experimental games. We do this by comparing behavior in the different games with a number of behaviors elicited in the field and with self-reported behaviors...
Persistent link: https://www.econbiz.de/10011115551
sequentially rationalizable. Finally, we show that some prominent voting mechanisms are also sequentially rationalizable. …
Persistent link: https://www.econbiz.de/10011253113
Competition typically involves two main dimensions, a rivalry for resources and the ranking of relative performances. If socially recognized, the latter yields a ranking in terms of social status. The rivalry of resources resulting from interacting under a competitive incentive scheme has been...
Persistent link: https://www.econbiz.de/10011203038
Equivalence classes of normal form games are defined using the discontinuities of correspondences of standard equilibrium concepts like correlated, Nash, and robust equilibrium, or risk dominance and rationalizability. Resulting equivalence classes are fully characterized and compared across...
Persistent link: https://www.econbiz.de/10010547401