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Cournot meets Bayes-Nash : a discontinuity in behavior in finitely repeated duopoly games
Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023
information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
Persistent link: https://www.econbiz.de/10014487322
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Games played through agents in the laboratory : a test of Prat & Rustichini's model
Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes Josef - 2019 - 2nd revision September 2019
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect the payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10012102977
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Games played through agents in the laboratory : a test of Prat & Rustichini's model
Ensthaler, Ludwig; Huck, Steffen; Leutgeb, Johannes - 2017
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") make decisions that affect payoffs of others ("principals") who may offer action-contingent transfers in order to sway the agents' decisions. Prat and Rustichini (2003) characterize...
Persistent link: https://www.econbiz.de/10011668556
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Cross-game learning and cognitive ability in auctions
Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2022
Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we...
Persistent link: https://www.econbiz.de/10014476711
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From imitation to collusion : long-run learning in a low-information environment
Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012 - August 2012 (revised October 2013)
We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff function but see the output quantities and payoffs of each oligopolist after every period. In line with theoretical predictions and previous experimental findings, our...
Persistent link: https://www.econbiz.de/10010194591
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Why should majority voting be unfair?
Breitmoser, Yves; Tan, Jonathan H. W. - 2017
experiment compares one-shot and indefinite horizon versions of random-proposer majority bargaining (the Baron-Ferejohn game …
Persistent link: https://www.econbiz.de/10011762571
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Forward trading and collusion in supply functions
Wölfing, Nikolas - 2019
This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …
Persistent link: https://www.econbiz.de/10011968922
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Behavior-based price discrimination under endogenous privacy
Heiny, Friederike; Li, Tianchi; Tolksdorf, Michel - 2020
experiment. We find that there is a large share of consumers who reveal their private data. Particularly, less privacy …
Persistent link: https://www.econbiz.de/10012150165
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From imitation to collusion : long-run learning in a low-information environment
Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012
collusion via effective punishment and forgiveness. Remarkably, subjects never learn the best-reply correspondence of the one …-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …
Persistent link: https://www.econbiz.de/10009583743
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Competition and fatigue at work
Angelova, Vera; Giebe, Thomas; Ivanova-Stenzel, Radosveta - 2018
We study theoretically and experimentally the role of fatigue and recovery within a competitive work environment. At work, agents usually make their effort choice in response to competition and monetary incentives. At the same time, they have to take into account fatigue, which accumulates over...
Persistent link: https://www.econbiz.de/10011976073