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signalling game and test it experimentally. If we have participants play the naked game, at least a minority plays the game …
Persistent link: https://www.econbiz.de/10009226923
their results are compared with the results from experimental data. We test whether the models are capable of replicating …
Persistent link: https://www.econbiz.de/10009418465
The game-theoretic bargaining literature insists on non-cooperative bargaining procedure but allows 'cooperative …' implementation of agreements. The effect of this is to allow free-reign of bargaining power with no check upon it. In reality, courts … bargaining model which incorporates the idea that agreements may be enforced non-cooperatively. We show that this has a …
Persistent link: https://www.econbiz.de/10005662212
report about an experiment with 508 participants designed to test whether this fundamental trade-off is actually relevant. In … particular, we investigate settings with both exogenous and endogenous information structures. We find that theory is indeed a … useful predictor for the relative magnitudes of the principals' offers, the agents' information gathering decisions, and the …
Persistent link: https://www.econbiz.de/10005789080
This paper analyzes the effects of network positions and individual risk attitudes on individuals' strategic decisions in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of Bramoullé and Kranton (2007). In particular, we are...
Persistent link: https://www.econbiz.de/10005136539
In the contract-theoretic literature, there is a vital debate about whether contracts can mitigate the hold-up problem when renegotiation cannot be prevented. Ultimately, the question has to be answered empirically. As a first step in that direction, we have conducted a laboratory experiment...
Persistent link: https://www.econbiz.de/10005067500
participant is averse to inequity. Information about these motivational forces stems from additional within subjects tests. All …
Persistent link: https://www.econbiz.de/10010686926
Jerusalem (Israel), we test for a presentation bias in a two-person cooperation game. In the positive frame of the game, a …
Persistent link: https://www.econbiz.de/10008574250
Rodrigues-Neto (2009) has shown that a given specification of posteriors of different players in an incomplete-information …
Persistent link: https://www.econbiz.de/10009021683
prevent participants from using their world knowledge about antitrust, we experimentally test them on a neutral matrix game …
Persistent link: https://www.econbiz.de/10009021689