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consensus value is discussed.Finally, two applications of the consensus value are given: one is for oligopoly games in partition …
Persistent link: https://www.econbiz.de/10011091966
We analyse gender differences in the trust game in a "behind the veil of ignorance" design.This method yields strategies that are consistent with actions observed in the classical trust game experiments.We observe that, on averge, men and women do not differ in "trust", and that women are...
Persistent link: https://www.econbiz.de/10011090864
We compare communication about private information to communication about actions in a one- shot 2-person public good game with private information. The informed player, who knows the exact return from contributing and whose contribution is unobserved, can send a message about the return or her...
Persistent link: https://www.econbiz.de/10011091836
The common prior assumption is pervasive in game-theoretic models with incomplete information. This paper investigates experimentally the importance of inducing a common prior in a two-person signaling game. For a specific probability distribution of the sender’s type, the long-run behavior...
Persistent link: https://www.econbiz.de/10011091889
We compare signaling by words and actions in a one-shot 2-person public good game with private information. The informed player, who knows the exact return from contributing, can signal by contributing first (actions) or by sending a costless message (words). Words can be about the return or...
Persistent link: https://www.econbiz.de/10011092715
two forms of collusion: in the first, publishers cooperatively select both prices and political position; in the second …, publishers cooperatively select prices only. We show that collusion on prices reinforces the tendency towards a Pensée Unique … discussed in Gabszewicz, Laussel and Sonnac (2001), while collusion on both prices and the political line would tend to mitigate …
Persistent link: https://www.econbiz.de/10011091765
In an oligopoly configuration characterized by high barriers to (re-)entry, a finite horizon, perfect information about …
Persistent link: https://www.econbiz.de/10011092518
Persistent link: https://www.econbiz.de/10011090553
This paper provides a non-linear pricing rule for the valuation of assets on financial markets with intermediaries.The non-linearity arises from the fact that dealers charge a price for their intermediation between buyer and seller. The pricing rule we propose is an alternative for the wellknown...
Persistent link: https://www.econbiz.de/10011091055
The two major methods of explaining economic institutions, namely by strategic choices or by (indirect) evolution, are compared for the case of a homogenous quadratic duopoly market. Sellers either can provide incentives for their agents to care for sales (amounts) or evolve as sellers who care...
Persistent link: https://www.econbiz.de/10011091056