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Hotelling games with three, four, and more players

Brenner, Steffen - 2001

to nine players explicit subgame perfect equilibrium solutions are calculated. They are characterized by a U-shaped price …

Persistent link: https://www.econbiz.de/10009613612

Experimental "beauty contests" with homogeneous and heterogeneous players and with interior and boundary equilibria

Güth, Werner; Kocher, Martin; Sutter, Matthias - 2001

, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with …

Persistent link: https://www.econbiz.de/10009614296

The third generation (UMTS) spectrum auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2001

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...

Persistent link: https://www.econbiz.de/10009615427

Information cascades on the labor market

Kübler, Dorothea; Weizsäcker, Georg - 2001

-period model, we derive conditions for an equilibrium in which only down-cascades occur, i.e.e., the second employer does not hire …

Persistent link: https://www.econbiz.de/10009616781

Simultaneous and sequential price competition in heterogeneous duopoly markets : experimental evidence

Kübler, Dorothea; Müller, Wieland - 2001

We investigate simultaneous and sequential price competition in duopoly markets with differentiated products. In both markets symmetric firms are repeatedly and randomly matched. The strategy method is used to elicit behavior in the sequential market. We find that average leader prices in the...

Persistent link: https://www.econbiz.de/10009617949

Integrating a behavioral preference calculus into a simultaneous market entry game : analyses of equilibria for selected cases of prior gain and loss experiences

Schröder, Andreas; Schade, Christian D. - 2002

Persistent link: https://www.econbiz.de/10009621418

I want you! : an experiment studying the selection effect when assigning distributive power

Brandts, Jordi; Güth, Werner; Stiehler, Andreas - 2002

We study whether selection affects motivation. In our experiment subjects first answer a personality questionnaire. They then play a 3-person game. One of the three players decides between an outside option assigning him a positive amount, but leaving the two others empty-handed and allowing one...

Persistent link: https://www.econbiz.de/10009625802

A note on the E-mail game : bounded rationality and induction

Dulleck, Uwe - 1997

In Rubinstein's (1989) E-mail game there exists no Nash equilibrium where players use strategies that condition on the … Rubinstein's result, in a payoff dominant Nash equilibrium players use strategies that condition on the number of messages sent … equilibrium in the E-mail game. -- Induction ; Subgame Perfect Equilibrium ; Information sets ; Imperfect recall …

Persistent link: https://www.econbiz.de/10009657893

Specific institutional aspects of international cooperation : a game theoretic account

Güth, Werner - 1997

If one abstracts from specially organized markets like stock or commodity exchanges, (international) trade relies on bargaining between the interested parties. Whereas earlier the results of bargaining were seen as unpredictable or determined by an at most vaguely defined concept of (relative)...

Persistent link: https://www.econbiz.de/10009661013

Why the rich are nastier than the poor : a note on optimal punishment

Huck, Steffen; Müller, Wieland - 1998

Studying evolutionarily successful behavior we show in a general framework that when individuals maximizing payoff differentials invest resources in punishing others. Interestingly, these investments are increasing in individuals, own wealth and decreasing in the wealth of others.

Persistent link: https://www.econbiz.de/10009574881