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This paper examines the usefulness of Kalai (2020)'s measure of the viability of Nash equilibrium. We experimentally study a class of participation games, which differ in the number of players, the success threshold, and the payoff to not participating. We find that Kalai's measure captures well...
Persistent link: https://www.econbiz.de/10013362381
We consider an economy in which some taxpayers behave in a Kantian way in their donation behavior while others are Nash players. A Kantian taxpayer holds the norm that any suggested deviation from a proposed equilibrium profile would be adopted by him only if when all members of their community...
Persistent link: https://www.econbiz.de/10012668905
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 inefficient outcome. In a …
Persistent link: https://www.econbiz.de/10012506919
interest to do so, and when coordination does not require communication. It is shown that multiple asymmetric networks can …
Persistent link: https://www.econbiz.de/10002521214
What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...
Persistent link: https://www.econbiz.de/10011966668
The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they …
Persistent link: https://www.econbiz.de/10013187549
We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, allowing a … higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination. …
Persistent link: https://www.econbiz.de/10011761639
We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and … perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when …
Persistent link: https://www.econbiz.de/10012698826
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10002514786
Using the aggregative game approach as developed by Cornes and Hartley (2003, 2007) this paper analyzes the conditions under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make strictly positive flat contributions to the public good....
Persistent link: https://www.econbiz.de/10003923234