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maximum amount of information that can be transmitted in equilibrium is increasing in the bargaining power of the Sender … predict that information transmission is increasing in the Sender's relative bargaining power. This prediction is corroborated …We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information …
Persistent link: https://www.econbiz.de/10011386160
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...
Persistent link: https://www.econbiz.de/10011333886
. Female participants negotiate in an unstructured bilateral bargaining game with asymmetric information about the allocation …We investigate experimentally how the menstrual cycle affects bargaining behavior and bargaining outcomes of women … of a surplus ('pie size'). We find that the menstrual cycle affects bargaining behavior and that the effects depend on …
Persistent link: https://www.econbiz.de/10014472533
to garble the information on which evaluators can base their assessments. Evaluators see through this behavior, making …
Persistent link: https://www.econbiz.de/10011895939
bargaining and in competition; (ii) Competition reduces the informativeness of the price requests and weakens the anchoring …
Persistent link: https://www.econbiz.de/10014299618
We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives … information is available and participants cannot communicate. In contrast, when communication is possible, results reverse …: Markets become less competitive and cartels become more stable when individualized information is available. We also observe …
Persistent link: https://www.econbiz.de/10010532614
seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation … these predictions, private information appears to have no impact on the investment levels observed in the experiment. A … question some recent theoretical suggestions that private information rents might substitute for price-setting power in …
Persistent link: https://www.econbiz.de/10011334336
uncertainty about the common value has a negative effect on efficiency. Information provided by the seller decreases uncertainty …
Persistent link: https://www.econbiz.de/10011303293
Currently no refinement exists that successfully selects equilibria across a wider range of Cheap Talk games. We propose a generalization of refinements based on credible deviations, such as neologism proofness and announcement proofness. According to our Average Credible Deviation Criterion...
Persistent link: https://www.econbiz.de/10011383193
information about these returns as well as their own taste for cooperation, or social preferences. Before deciding to contribute … good benefits both agents, there are incentives to misrepresent information. First, others' willingness to cooperate …
Persistent link: https://www.econbiz.de/10011801387