prisoner’s dilemma game in which the cost of unilateral cooperation is lower than in the status quo version separates … in the status quo PD whereas there is no difference between cooperation rates if the two versions of the game were … assigned to participants. However, sorting is incomplete and cooperation deteriorates over time. The auction price does not …

show that under all punishment rules cooperation is stronger and more sustainable than reported from settings without … by the collective rule is essential for the degree of support by the participants. -- cooperation ; experiment ; public …

In the trust game first player 1 decides between non-cooperation or trust in reciprocity and then, in the latter case …

In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …

The theory of industrial organization has experienced an impressive boom by using the methods of (non-cooperative) game … theory. The conclusions depend, however. crucially on subtle details of the market decision processes about which there exist …

We investigate simultaneous and sequential price competition in duopoly markets with differentiated products. In both …, just as predicted by the theory, whereas average follower prices are not above average prices in the simultaneous market … simultaneous-move markets whereas first movers do not. As in theory, there is a significant first-mover disadvantage when firms …

). In their duopoly game, firms can choose their quantities in one of two periods before the market clears. If a firm … leadership. Our data, however, does not confirm the theory. While Stackelberg equilibria are extremely rare we often observe … learn to behave in a reciprocal fashion over time, i.e., they learn to reward cooperation and to punish exploitation. …