Showing 1 - 10 of 279
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10013055418
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10010752435
We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game with independent private values. The ex ante expected utilities of coalitions, at an incentive compatible (noncooperative) coalitional equilibrium, describe a (cooperative)...
Persistent link: https://www.econbiz.de/10013142501
We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game with independent private values. The ex ante expected utilities of coalitions, at an incentive compatible (noncooperative) coalitional equilibrium, describe a (cooperative)...
Persistent link: https://www.econbiz.de/10008583724
We experimentally investigate a bargaining environment in which players negotiate over a fixed payment to one player …. Moreover, bargaining frictions increase as risk increases, and we document more frequent disagreements as risk increases. When … bargaining models require some separation between the determinants of bargaining power and fair compensation for risk exposure …
Persistent link: https://www.econbiz.de/10013040490
We study the spillover effects of minimum wages in a laboratory experiment. In a bilateral firm-worker bargaining …
Persistent link: https://www.econbiz.de/10009294100
We experimentally investigate a bargaining environment in which players negotiate over a fixed payment to one player …. Moreover, bargaining frictions increase as risk increases, and we document more frequent disagreements as risk increases. When … bargaining models require some separation between the determinants of bargaining power and fair compensation for risk exposure. …
Persistent link: https://www.econbiz.de/10011086455
generosity with a sequence of dictator games conducted in the field. We find that networks of different dimensions differ … substantially in density, clustering, and centrality. When relating generosity to networks we observe that social distance only …
Persistent link: https://www.econbiz.de/10008833916
We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory … cooperation. We then study the effect on cooperation of exogenously varying rates of entry. Slow growth yields higher cooperation … endogenous growth generally also produces high cooperation levels, growth stalls at intermediate group sizes, leaving potential …
Persistent link: https://www.econbiz.de/10013055373
We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods …
Persistent link: https://www.econbiz.de/10013018458