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We consider bargaining in a bipartite network of buyers and sellers, who can only trade with the limited number of people with whom they are connected. Such networks could arise due to proximity issues or restricted communication flows, as with information transmission of job openings, business...
Persistent link: https://www.econbiz.de/10011131648
We report results of an internet experiment designed to test the theory of informational cascades in financial markets … consulting firm, participated in the experiment. As predicted by theory, we find that the presence of a flexible market price …
Persistent link: https://www.econbiz.de/10011131663