Showing 1 - 10 of 81
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...
Persistent link: https://www.econbiz.de/10009620765
In this paper the standard Hotelling model with quadratic transport costs is extended to the multi-firm case. The sequential game consists of a location choice stage and a price setting stage. Considering locational equilibria it is shown that neither holds the Principle of Maximum...
Persistent link: https://www.econbiz.de/10009613612
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 …
Persistent link: https://www.econbiz.de/10009612572
implement his model of the absent-minded driver problem in an experiment and find, if subjects are repeatedly randomly rematched …
Persistent link: https://www.econbiz.de/10009583877
We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players. -- beauty...
Persistent link: https://www.econbiz.de/10009614296
by the collective rule is essential for the degree of support by the participants. -- cooperation ; experiment ; public … show that under all punishment rules cooperation is stronger and more sustainable than reported from settings without …
Persistent link: https://www.econbiz.de/10009627290
The findings on the ultimatum game are considered as belonging to the most robust experimental results. In this paper we present a slightly altered version of the mini ultimatum game of Bolton and Zwick (1995). Whereas in the latter exactly equal splits were feasible in our games these were...
Persistent link: https://www.econbiz.de/10009574884
employees to accept lower wages as well? As an alternative to reviewing statistical data, we have performed an experiment with a … lower competitive wage in the second phase of an employment relationship that is known to both parties. The experiment casts …
Persistent link: https://www.econbiz.de/10009578579
In standard rational choice modelling decisions are made according to given information and preferences. In the model presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic process. In this process decisions are made rationally...
Persistent link: https://www.econbiz.de/10009578580
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