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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

Facing Your Opponents: Social Identification and Information Feedback in Contests

Mago, Shakun; Samak, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

We experimentally investigate the effect of social identification and information feedback on individual behavior in …. Identifying subjects through photo display decreases wasteful effort. Providing information feedback about others’ effort does not … improved information feedback decreases the heterogeneity of effort. …

Persistent link: https://www.econbiz.de/10011259314

Recognizing Contributors: An Experiment on Public Goods

Samek, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

We experimentally investigate the impact of recognizing contributors on public good contributions. We vary recognizing all, highest or lowest contributors. Consistent with previous studies, recognizing all contributors significantly increases contributions relative to the baseline. Recognizing...

Persistent link: https://www.econbiz.de/10011112683

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

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

Information, uncertainty, and subjective entitlements in bargaining

Karagözoğlu, Emin; Riedl, Arno - 2010

coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … relative contributions of involved agents are blurred; either by lack of information about the actual performance of … bargaining process from opening offers to (dis)agreements and find that uncertainties in surplus production and (even) a very …

Persistent link: https://www.econbiz.de/10010274419

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

Experimental Comparison of Multi-Stage and One-Stage Contests

Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2009

This article experimentally studies a two-stage elimination contest and compares its performance with a one-stage contest. Contrary to the theory, the two-stage contest generates higher revenue than the equivalent one-stage contest. There is significant over-dissipation in both stages of the...

Persistent link: https://www.econbiz.de/10011258638

Resource Allocation Contests: Experimental Evidence

Shupp, Robert; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

Many resource allocation contests have the property that individuals undertake costly actions to appropriate a potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation contests which are isomorphic under risk-neutrality. The...

Persistent link: https://www.econbiz.de/10011259038

Essays on Experimental Investigation of Lottery Contests

Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2009

A contest is a situation in which individuals or groups expend costly resources while competing to win a specific prize. The variety of economic situations that can be described as contests has attracted enormous attention from economic theorists. Despite the extensive theoretical research of...

Persistent link: https://www.econbiz.de/10011259262

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