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Overbidding in Independant Private-Values Auctions and Misperception of Probabilities

Armantier, Olivier; Treich, Nicolas - Centre Interuniversitaire de Recherche en Analyse des … - 2006

explain overbidding in independent first-price private-values auctions. The experimental outcomes indicate that subjects …

Persistent link: https://www.econbiz.de/10005100674

Iterated Strict Dominance in General Games

Chen, Yi-Chun; Long, Ngo Van; Luo, Xiao - Centre Interuniversitaire de Recherche en Analyse des … - 2007

We offer a definition of iterated elimination of strictly dominated strategies (IESDS) for games with (in)finite players, (non)compact strategy sets, and (dis)continuous payoff functions. IESDS is always a well-defined order independent procedure that can be used to solve Nash equilibrium in...

Persistent link: https://www.econbiz.de/10005100699

Transboundary Movement of Waste: Second-hand Markets and Illegal Shipments

Bernard, Sophie - Centre Interuniversitaire de Recherche en Analyse des … - 2011

In a stylized model of international trade, firms in the North indirectly export second-hand products to a representative firm in the South to be reused as intermediate goods, with potential trade gains. The level of reusability of waste products is a crucial choice variable in the North. This...

Persistent link: https://www.econbiz.de/10009391933

Asymmetry in Cournot Duopoly

Röller, Lars-Hendrick; Sinclair-Desgagné, Bernard - Centre Interuniversitaire de Recherche en Analyse des … - 1996

We analyze the sources of persistent asymmetry between firms and between markets in a given industry. We focus on the case where some exogenous ex ante cost asymmetry can be magnified ex post in terms of cost (capabilities), market shares, prices and profit. Our model - a two-product Cournot...

Persistent link: https://www.econbiz.de/10005100927

Global Security Policies Against Terrorism and the Free Riding Problem: An Experimental Approach

Colombier, Nathalie; Masclet, David; Mirza, Daniel; … - Centre Interuniversitaire de Recherche en Analyse des … - 2009

The World Trade Center attack has shed light on the urgent need to implement preventing measures against terrorism and to enhance cooperation in the global security system for all countries. However, international coordination cannot be taken for granted. It is often ineffective and likely to...

Persistent link: https://www.econbiz.de/10008559320

Competitive Insurance Markets and Adverse Selection in the Lab

Riahi, Dorra; Lévy-Garboua, Louis; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2010

purchase full insurance at lower than fair price and some low risks purchase insurance at a price higher than their induced …

Persistent link: https://www.econbiz.de/10008560183

Private Valuation of a Public Good in Three Auction Mechanisms / Evaluation privée d'un bien public dans trois mécanismes d'enchères

Dragicevic, Arnaud; Ettinger, David - Centre Interuniversitaire de Recherche en Analyse des … - 2010

We evaluate the impact of three auction mechanisms the BeckerDeGrootMarschak (BDM) mechanism, the second-price auction …, and the random nth-price auction in the measurement of private willingness-to-pay and willingness-to-accept for a pure … logarithmic scale, the random nth-price auction yields the highest speed of convergence to welfare indices' equality. Overall, we …

Persistent link: https://www.econbiz.de/10008543323

Willingness to Pay to Reduce Future Risk

Engle-Warnick, Jim; Héroux, Julie; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2009

We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment and a risky lottery. They report their willingness to pay to exchange the risky lottery for a safe one. Subjects play the lottery either immediately, eight weeks later, or...

Persistent link: https://www.econbiz.de/10004988529

Learning-by-Doing in an Ambiguous Environment

Engle-Warnick, Jim; Laszlo, Sonia - Centre Interuniversitaire de Recherche en Analyse des … - 2006

We experimentally test whether risk aversion or ambiguity aversion can explain decisions in a learning-by-doing game. We first measure subjects' preferences toward risk and ambiguity, and then use these measures to predict behavior in the game. We find that ambiguity averse subjects pay more...

Persistent link: https://www.econbiz.de/10005100515

Training Without Certification: An Experimental Study

Marchand, Nadège; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2008

Our study considers the question of training in firms using an experimental laboratory approach. We investigate the following questions : What conditions, excluding external certification, will bring workers and employers to cooperate and share a rent generated by the workers' training? What...

Persistent link: https://www.econbiz.de/10005100535