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We experimentally study an asymmetric coordination game with two Nash equilibria: one is Pareto-efficient, the other is Pareto-inefficient and involves a weakly dominated strategy. We assess whether information about the interaction partner helps eliminate the imperfect equilibrium. Our...
Persistent link: https://www.econbiz.de/10010775841
We experimentally study an asymmetric coordination game with two Nash equilibria: one is Pareto-efficient, the other is Pareto-inefficient and involves a weakly dominated strategy. We assess whether information about the interaction partner helps eliminate the imperfect equilibrium. Our...
Persistent link: https://www.econbiz.de/10010899973
This paper brings experimental evidence on investors' behavior subject to an "illiquidity" constraint, where the success of a risky project depends on the participation of a minimum number of investors. The experiment is set up as a frameless coordination game that replicates the investment...
Persistent link: https://www.econbiz.de/10010930171
Herein we explore whether the social psychology theory of commitment via a truth-telling oath can reduce coordination failure. Using a classic sequential coordination game, we ask all players to sign voluntarily a truth-telling oath before playing the game with cheap-talk communication. Three...
Persistent link: https://www.econbiz.de/10010930205
We experimentally study an asymmetric coordination game with two Nash equilibria: one is Pareto-efficient, the other is Pareto-inefficient and involves a weakly dominated strategy. We assess whether information about the interaction partner helps eliminate the imperfect equilibrium. Our...
Persistent link: https://www.econbiz.de/10011025884
This paper brings experimental evidence on investors' behavior subject to an "illiquidity" constraint, where the success of a risky project depends on the participation of a minimum number of investors. The experiment is set up as a frameless coordination game that replicates the investment...
Persistent link: https://www.econbiz.de/10009211245
This paper reports experimental results from a one-shot game with two Nash equilibria: the first one is efficient, the second one relies on weakly dominated strategies. The experimental treatments consider three information-enhancing mechanisms in the game: simple repetition, cheap-talk messages...
Persistent link: https://www.econbiz.de/10010603630
on their performance and evolution. The variables considered are the impact of negotiation training, the organizational …
Persistent link: https://www.econbiz.de/10010899757
entrepreneurial firms' path dependencies have affected the evolution of business models for electric vehicles. Based on a qualitative … business model archetypes and traces their evolution over time. Findings suggest that incumbent and entrepreneurial firms … approach business model innovation in distinctive ways. Business model evolution shows a series of incremental changes that …
Persistent link: https://www.econbiz.de/10011025808
regular evolution in firms and populations. However, when a firm is trapped in a lock-in situation, Darwinian selection best …
Persistent link: https://www.econbiz.de/10010543493