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In experimental bargaining with incomplete information, we vary the information distribution (symmetric and asymmetric), the direction of electronic prepaycommunication (no, one-way, and two way), and the electronic communication medium (email and video) Bargainig outcomes are influenced by the...
Persistent link: https://www.econbiz.de/10005866968
individual payoffs, is a potentially competing concern in games such as the prisoners' dilemma. In our experiment participants …
Persistent link: https://www.econbiz.de/10005867006
Experimental sealed bid first price auctions with private values in which feedback onthe losing bids is provided yield lower revenues than auctions where this feedback isnot given. Furthermore, bids tend to be above the equilibrium predictions for riskneutral bidders. While the latter...
Persistent link: https://www.econbiz.de/10005867077
close until ten minutes have passed without a bid. This paper reports an experiment that allows us to examine the effect of …
Persistent link: https://www.econbiz.de/10005866984