Showing 1 - 10 of 27
uncertainty about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance … committing to a fraud detection strategy eliminates the ambiguity. Thus strategic ambiguity can be an equilibrium outcome in the … auditing settings and complements the literature on games with ambiguity-averse players. …
Persistent link: https://www.econbiz.de/10008614919
A game-theoretic framework that allows for explicitly randomized strategies is used to study the effect of ambiguity … predictions of two player games with ambiguity averse and with ambiguity neutral players are observationally equivalent. This … beliefs to the context of ambiguity aversion yields substantially dierent predictions – even for the case with just two …
Persistent link: https://www.econbiz.de/10008633224
We report an experiment designed to test the influence of noisy commitments on efficiency in a simple bargaining game …
Persistent link: https://www.econbiz.de/10008633204
employees. For our experiment, we use an institutional design of wage negotiations among employers, employees and temporary …
Persistent link: https://www.econbiz.de/10008633213
. We therefore complement the field evidence by a lab experiment that isolates the definitional feature of probation: the …
Persistent link: https://www.econbiz.de/10008567631
This article tests experimentally whether a high degree of collusion on advertisement expenditures facilitate tacit price collusion in duopoly markets. Two environments are tested, in which the size of the spillover between advertising expenditures is varied. The results show that the...
Persistent link: https://www.econbiz.de/10005772757
We report the results of an experimental study that compares voting mechanisms in the provision of public goods. Subjects can freely decide how much they want to contribute. Whether the public good is finally provided is decided by a referendum under full information about all contributions. If...
Persistent link: https://www.econbiz.de/10005772776
We present the results of an experiment on learning with minimal information. Particularly, subjects are only provided …
Persistent link: https://www.econbiz.de/10005272709
From the perspective of competitors, competition may be modeled as a prisoner’s dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is...
Persistent link: https://www.econbiz.de/10009021689
We study how cooperative behavior reacts to selective (favorable or unfavorable) pre-play information about the cooperativeness of other, unrelated groups within an experimental framework that is sufficiently rich for conflicting behavioral norms to emerge. We find that cooperation crucially...
Persistent link: https://www.econbiz.de/10009021692