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competition and analyze the conditions for species survival. The second aspect refers to success in intraspecies competition of … (geno-) types as in evolutionary biology and game theory. Survival in inter- and intraspecies competition together with …
Persistent link: https://www.econbiz.de/10009578002
In this paper, we experimentally investigate the extended game with action commitment of Hamilton and Slutsky (1990). In their duopoly game, firms can choose their quantities in one of two periods before the market clears. If a firm commits to a quantity in period 1 it does not know whether the...
Persistent link: https://www.econbiz.de/10009580476
We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. For …
Persistent link: https://www.econbiz.de/10009580482
Most models of labor markets and (un)employment neglect how competition among firms or sectors of the economy affects … by price competition. A special advantage of such a framework is that one can distinguish two kinds of employment effects …
Persistent link: https://www.econbiz.de/10009582404
Persistent link: https://www.econbiz.de/10009578563
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
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
The study of evolutionary dynamics was so far mainly restricted to finite strategy spaces. In this paper we show that this restriction is in most cases unnecessary. We give a mild condition under which the continuous time replicator dynamics are well defined for infinite strategy spaces....
Persistent link: https://www.econbiz.de/10009578001
We analyze the dynamics of a game of sequential bidding in the presence of stochastic scale effects in the form of stochastic economies or diseconomies of scale. We show that economies give rise to declining expected equilibrium prices, whereas the converse is not generally true. Moreover,...
Persistent link: https://www.econbiz.de/10009578006
The evolution of trustworthiness as a major aspect of business ethics depends crucially on whether it can be signaled. If this is impossible, only opportunistic traders will survive. Whereas previous studies have analysed detection agencies (Güth and Kliemt, 1994 and 1998) or have substituted...
Persistent link: https://www.econbiz.de/10009578022