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Imitation and the evolution of Walrasian behavior: theoretically fragile but behaviorally robust
Apesteguia, José; Huck, Steffen; Oechssler, Jörg; … - 2008
identical actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility …
Persistent link: https://www.econbiz.de/10010270592
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Price vs. Quantity Competition in a Vertically Related Market Revisited
Basak, Debasmita; Mukherjee, Arijit - 2016
In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to Bertrand competition if the upstream firm subsidises...
Persistent link: https://www.econbiz.de/10011584921
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Bargaining and Time Preferences : An Experimental Study
Kim, Jeongbin; Lim, Wooyoung; Schweighofer-Kodritsch, … - 2021
We generalize the Rubinstein (1982) bargaining model by disentangling payoff delay from bargaining delay. We show that …. Using a novel experimental design to control for various confounds, we then test comparative statics predictions with … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is …
Persistent link: https://www.econbiz.de/10013314964
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Information, uncertainty, and subjective entitlements in bargaining
Karagözoğlu, Emin; Riedl, Arno - 2010
bargaining process from opening offers to (dis)agreements and find that uncertainties in surplus production and (even) a very … coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … bargaining process and significantly contribute to the differences in bargaining outcomes. …
Persistent link: https://www.econbiz.de/10010274419
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Correlation Neglect in Belief Formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010328793
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Directed generosity and network formation: Network dimension matters
D'Exelle, Ben; Riedl, Arno - 2010
We explore network effects on generosity for different network dimensions. To this end we elicit multiple network dimensions (friendship, social support, economic exchange, etc.) in a rural village in the Southern hemisphere and measure generosity with a sequence of dictator games conducted in...
Persistent link: https://www.econbiz.de/10010275012
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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
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Social welfare versus inequality concerns in an incomplete contract experiment
Faravelli, Marco; Kirchkamp, Oliver; Rainer, Helmut - 2010
We study a situation where two players first choose a sharing rule, then invest into a joint production process, and then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even the materially disadvantaged player cares more for...
Persistent link: https://www.econbiz.de/10010266106
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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
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Tax evasion, welfare fraud, and 'the broken windows' effect: An experiment in Belgium, France and the Netherlands
Lefèbvre, Mathieu; Pestieau, Pierre; Riedl, Arno; … - 2011
In a series of experiments conducted in Belgium (Wallonia and Flanders), France and the Netherlands, we compare …
Persistent link: https://www.econbiz.de/10010277040