Showing 1 - 10 of 102
interaction effects. We conduct a laboratory experiment that avoids the identification problem present in the field and allows us …
Persistent link: https://www.econbiz.de/10005150913
interaction effects. We conduct a laboratory experiment that avoids the identification problem present in the field and allows us …
Persistent link: https://www.econbiz.de/10010552229
This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10005150908
We compare the behaviour of students and professional traders from an influential German bank in an experiment …
Persistent link: https://www.econbiz.de/10005150916
consequence, in our experiment uniform price auctions are superior to fixed price offerings in terms of revenue raising. …
Persistent link: https://www.econbiz.de/10005150922
This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10010552256
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10010552269
significantly higher than the expected value of a bidder with a low value signal. As a consequence, our experiment suggests that the …
Persistent link: https://www.econbiz.de/10010672335
higher revenues. In our experiment, there is no evidence that TCE are played. The experiment suggests that the uniform price …
Persistent link: https://www.econbiz.de/10010672353
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10005796054