Showing 1 - 10 of 29
In this paper we argue that authorities aid cooperation by means of direct coordination or the enforcement of re …
Persistent link: https://www.econbiz.de/10005136860
This paper examines the conception of individuals as being of certain types in Harsanyi's transformation of games of incomplete information into games of complete information. It argues that while the conception of the individual in games of complete information offers potential advances over...
Persistent link: https://www.econbiz.de/10005144523
. Opinion leaders are actors in a society who are able to affect the behavior of other members called followers. Hence, opinion … leaders might have a considerable impact on the behavior of markets and other social agglomerations being made up of … influencing the behavior of their followers, i.e. their choice of action. After all actors have chosen their actions, a decision …
Persistent link: https://www.econbiz.de/10005036248
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the...
Persistent link: https://www.econbiz.de/10008838625
by eroding motivation. The present paper shows that intention-based reciprocity can cause such motivational crowding …-out if individuals differ in their propensity for reciprocity and preferences are private information. Not being controlled …
Persistent link: https://www.econbiz.de/10009201127
We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff gains for the short side of the market. We also find that...
Persistent link: https://www.econbiz.de/10005136861
The formation of social ties is examined in an experimental study of voluntary public good provision. The experiment consists of three parts. In the first part the value orientation (attitude to a generalized other) is measured. In the second part couples play 25 periods of a public good game....
Persistent link: https://www.econbiz.de/10005137243
We examine an experimental gift exchange game in which the players can improve upon the unique no-gifts equilibrium through cooperative gift giving. The main feature of the study is that there are two different types of gift exchange, which we call simple and complex exchange, respectively....
Persistent link: https://www.econbiz.de/10005209458
This is an experimental study of a three-player power-to-take game where a take authority is matched with two responders. The game consists of two stages. In the first stage, the take authority decides how much of the endowment of each responder that is left after the second stage will be...
Persistent link: https://www.econbiz.de/10005144451
by reciprocity. A reciprocal worker may be willing to give the firm a full return on its investment. We present empirical … evidence that supports the proposed mechanism. Workers with a high sensitivity to reciprocity have 15% higher training rates … than workers with a low sensitivity to reciprocity. …
Persistent link: https://www.econbiz.de/10005144467