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Fairness and transparency in one-to-many bargaining with complementarity : an experimental study

Mak, Vincent; Zwick, Rami - In: Games 15 (2024) 4, pp. 1-29

complementarity and how it is influenced by fairness concern and information transparency. We base our setup on a structured … value of the deal approximately half-half with the buyer as a normative fairness benchmark. The buyers, on the other hand …, did not have a demand for fairness that was based on a fairness benchmark. …

Persistent link: https://www.econbiz.de/10015073214

Innovation strategies in a competitive dynamic setting

Lukach, Ruslan; Plasmans, Joseph; Kort, Peter M. - 2005

This paper presents a dynamic model of a competitive R&D and production duopoly subject to knowledge spillovers. Two asymmetric firms operate for a limited period of time and dispose their knowledge capital in the end. Both firms and the social planner prefer the R&Dcooperative strategy over the...

Persistent link: https://www.econbiz.de/10010261135

Conditional Cooperation and Betrayal Aversion

Cubitt, Robin P.; Gaechter, Simon; Quercia, Simone - 2015

We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....

Persistent link: https://www.econbiz.de/10011307114

An experimental investigation of colonel blotto games

Chowdhury, Subhasish M.; Kovenock, Dan; Sheremeta, Roman M. - 2009

This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...

Persistent link: https://www.econbiz.de/10010265974

Imitation and the evolution of Walrasian behavior: theoretically fragile but behaviorally robust

Apesteguia, José; Huck, Steffen; Oechssler, Jörg; … - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...

Persistent link: https://www.econbiz.de/10010270592

The attack and defense of weakest-link networks

Kovenock, Dan; Roberson, Brian; Sheremeta, Roman M. - 2010

This paper experimentally examines behavior in a two-player game of attack and defense of a weakest-link network of targets, in which the attacker's objective is to successfully attack at least one target and the defender's objective is diametrically opposed. We apply two benchmark contest...

Persistent link: https://www.econbiz.de/10010274929

Cooperating, Fast and Slow: Testing the Social Heuristics Hypothesis.

Strømland, Eirik; Tjøtta, Sigve; Torsvik, Gaute - 2016

Are humans intuitively cooperative, or do we need to deliberate in order to be generous to others? The Social Heuristics Hypothesis (SHH) proposes that fast instinctive decision making promotes cooperation in social dilemmas. In this paper, we conduct a novel time-pressure experiment to shed...

Persistent link: https://www.econbiz.de/10011480458

Improving Human Deception Detection Using Algorithmic Feedback

Serra-Garcia, Marta; Gneezy, Uri - 2023

Can algorithms help people detect deception in high-stakes strategic interactions? Participants watching the pre-play communication of contestants in the TV show Golden Balls display a limited ability to predict contestants' behavior, while algorithms do significantly better. We provide...

Persistent link: https://www.econbiz.de/10014377492

The impact of the irrelevant: Temporary buy-options and bidding behavior in auctions

Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - In: Games 7 (2016) 1, pp. 1-19

With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and bidding behavior in (online) proxy-auctions with independent private valuations. We show that temporary buy-options may reduce revenues for two reasons: At low buy-prices, the...

Persistent link: https://www.econbiz.de/10011709877

The Team Allocator Game: Allocation Power in Public Goods Games

Karakostas, Alexandros; Kocher, Martin G.; Matzat, Dominik - 2021

We analyze linear, weakest-link and best-shot public goods games in which a distinguished team member, the team allocator, has property rights over the benefits from the public good and can distribute them among team members. These team allocator games are intended to capture natural asymmetries...

Persistent link: https://www.econbiz.de/10012582086

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