Showing 1 - 10 of 149
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition …
Persistent link: https://www.econbiz.de/10008838631
dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10005137046
-making experiment preceding the take game. The game consists of two stages. In the first stage, the take authority decides how much …
Persistent link: https://www.econbiz.de/10005137100
We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation between emotions and bidding behavior in a second...
Persistent link: https://www.econbiz.de/10005137109
price discussions is the only way for subjects to avoid the one-shot competitive equilibrium. Subjects in the experiment of … in the difficulty of the coordination problem they have to solve. The experimental results show that if the efforts of …, subjects manage to switch to a more intricate form of coordination. This shift from overt collusion to tacit collusion …
Persistent link: https://www.econbiz.de/10005136891
We study fairness and reciprocity in a Hawk-Dove game. This alllows us to test various models in one framework. We observe a large extent of selfish and rational behavior. Our results are inconsistent with leading models in this field.
Persistent link: https://www.econbiz.de/10005137274
Recent theoretical work shows that folk theorems can be developed for infinite overlapping generations games. Cooperation in such games can be sustained as a Nash equilibrium. Besides the efficient cooperative equilibrium there is also the inefficient non-cooperative equilibrium. This paper...
Persistent link: https://www.econbiz.de/10005144485
results show that information serves as a coordination device where strategic voting does not harm the plurality …
Persistent link: https://www.econbiz.de/10008838645
I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly search for price quotations and the information gathered are non-excludable along direct links. This allows me to explore the effect of endogenous consumers externalities on...
Persistent link: https://www.econbiz.de/10005504914
We investigate expectation formation in a controlled experimental en- vironment. Subjects are asked to predict the price in a standard asset pricing model. They do not have knowledge of the underlying market equilibrium equa- tions, but they know all past realized prices and their own...
Persistent link: https://www.econbiz.de/10005137028