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Multiple prisoner's dilemma games with (out) an outside option: An experimental study

Hauk, Esther - Department of Economics and Business, Universitat … - 1999

Experiments in which subjects play simultaneously several finite prisoner's dilemma supergames with and without an outside option reveal that: (i) subjects use probabilistic start and endeffect behaviour, (ii) the freedom to choose whether to play the prisoner's dilemma game enhances...

Persistent link: https://www.econbiz.de/10005248451

On some geometry and equivalence classes of normal form games

Germano, Fabrizio - Department of Economics and Business, Universitat … - 2003

Equivalence classes of normal form games are defined using the geometry of correspondences of standard equilibiurm concepts like correlated, Nash, and robust equilibrium or risk dominance and rationalizability. Resulting equivalence classes are fully characterized and compared across different...

Persistent link: https://www.econbiz.de/10005572643

Stochastic evolution of rules for playing normal form games

Germano, Fabrizio - Department of Economics and Business, Universitat … - 2004

The evolution of boundedly rational rules for playing normal form games is studied within stationary environments of stochastically changing games. Rules are viewed as algorithms prescribing strategies for the different normal form games that arise. It is shown that many of the folk results of...

Persistent link: https://www.econbiz.de/10005772034

A simple adaptive procedure leading to correlated equilibrium

Hart, Sergiu; Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 1996

We propose a simple adaptive procedure for playing a game. In this procedure, players depart from their current play with probabilities that are proportional to measures of regret for not having used other strategies (these measures are updated every period). It is shown that our adaptive...

Persistent link: https://www.econbiz.de/10005772398

Global Nash convergence of Foster and Young's regret testing

Germano, Fabrizio; Lugosi, Gábor - Department of Economics and Business, Universitat … - 2004

We construct an uncoupled randomized strategy of repeated play such that, if every player follows such a strategy, then the joint mixed strategy profiles converge, almost surely, to a Nash equilibrium of the one-shot game. The procedure requires very little in terms of players' information about...

Persistent link: https://www.econbiz.de/10005772425

Bargaining on networks: An experiment

Charness, Gary; Corominas, Margarida - Department of Economics and Business, Universitat … - 2000

confidential transactions. Bargaining can be considered to occur over a network that summarizes the structure of linkages among … people. We conduct an alternating-offer bargaining experiment using separate simple networks, which are then joined during … bargaining environments. Participants appear to grasp the essential characteristics of the networks and we observe a rather …

Persistent link: https://www.econbiz.de/10005771991

Endogenous bargaining power

Esteban, Joan; Sákovics, József - Department of Economics and Business, Universitat … - 2002

We present a novel approach to N-person bargaining, based on the idea that the agreement reached in a negotiation is …

Persistent link: https://www.econbiz.de/10005572627

Multinationals, technology networks and international takeovers

Oliva, M. Àngels; Rivera-Bátiz, Luis - Department of Economics and Business, Universitat … - 1997

's bargaining power increases the takeover fee, but does not influence the investment decision. We characterize losers and winners …

Persistent link: https://www.econbiz.de/10005827469

A model of conglomeration and synergy traps

Oliva, M. Àngels; Rivera-Bátiz, Luis - Department of Economics and Business, Universitat … - 1997

We present a model of conglomeration motivated by technology synergies and strategic reductions in variable costs in the face of competitive pressures. The resulting firm integration is neither horizontal nor vertical but rather congeneric integration of firms in related industries. We...

Persistent link: https://www.econbiz.de/10005771958

Business cycles, unemployment insurance and the calibration of matching models

Costain, James S.; Reiter, Michael - Department of Economics and Business, Universitat … - 2003

This paper theoretically and empirically documents a puzzle that arises when an RBC economy with a job matching function is used to model unemployment. The standard model can generate sufficiently large cyclical fluctuations in unemployment, or a sufficiently small response of unemployment to...

Persistent link: https://www.econbiz.de/10005772261