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experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount … factors play two roles. First, they provide a coordination anchor: more impatient players get higher payoffs first …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …
Persistent link: https://www.econbiz.de/10014348138
disrupts coordination on outcomes with positive payoffs, as higher intelligence players try to force their most preferred …. Disclosure does not significantly affect coordination rates. Differently from the low payoff inequality game, coordination is … achieved more often on outcomes that favour less intelligent players. We conjecture that when coordination becomes more …
Persistent link: https://www.econbiz.de/10013322849
A durable good monopolist faces a continuum of heterogeneous customers who make purchase decisions by comparing present and expected price-quality offers. The monopolist designs a sequence of price-quality menus to segment the market. We consider the Markov Perfect Equilibrium (MPE) of a game...
Persistent link: https://www.econbiz.de/10013212257
In this paper, we develop a network perspective on the welfare gains from trade in today’s internationally fragmented …
Persistent link: https://www.econbiz.de/10012890197
The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …
Persistent link: https://www.econbiz.de/10013224077
at coordinating action by followers. Two experiments using coordination games investigate whether female leaders are less …
Persistent link: https://www.econbiz.de/10013314898
evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …
Persistent link: https://www.econbiz.de/10012842383
We study an infinitely repeated oligopoly game in which firms compete on quantity and one of them is capacity constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little incentive to deviate from a cartel. We also present...
Persistent link: https://www.econbiz.de/10014264158
or inefficient outcome will prevail. We performed an experiment with human subjects exploring how free neighborhood … choice affects coordination. In a fixed interaction treatment, a vast majority of subjects quickly coordinates on the …
Persistent link: https://www.econbiz.de/10013232410
, and different network layers. At the individual level, homophilous tendencies are persistent across time and network … those characteristics. We also document the nuanced impact of network connections on changes in Grade Point Average …
Persistent link: https://www.econbiz.de/10014262402