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Cheap-talk communication in procurement auctions : theory and experiment
Onderstal, Sander; Yang, Yang - 2020
auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and … the winning supplier have misaligned interests regarding the terms, the buyer benefits from ex-ante communication relative … to no communication and ex-post communication. Our experimental data provide strong evidence for the predictions in the …
Persistent link: https://www.econbiz.de/10012167341
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Equilibrium selection in cheap talk games : ACDC rocks when other criteria remain silent
Groot Ruiz, Adrian de; Offerman, Theo; Onderstal, Sander - 2012
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
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Power and the privilege of clarity : an analysis of bargaining power and information transmission
Groot Ruiz, Adrian de; Offerman, Theo; Onderstal, Sander - 2012
We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information … by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …
Persistent link: https://www.econbiz.de/10011386160
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Money talks? : an experimental investigation of cheap talk and burned money
Haan, Thomas de; Offerman, Theo; Sloof, Randolph - 2011
used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use …
Persistent link: https://www.econbiz.de/10011386442
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Equilibrium selection in experimental cheap talk games
Groot Ruiz, Adrian de; Offerman, Theo; Onderstal, Sander - 2015
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...
Persistent link: https://www.econbiz.de/10010477113
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On committees of experts
Visser, Bauke; Swank, Otto H. - 2005
A committee makes a decision on a project on behalf of the public. Members of the committee agree on the a priori value of the project, and hold additional private information about its consequences. They are experts who care about the value of the project and about being considered well...
Persistent link: https://www.econbiz.de/10011343285
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Contests with rank-order spillovers
Baye, Michael R.; Kovenock, Daniel J.; Vries, Casper G. de - 2009 - Revised: April 2009
This paper presents a unified framework for characterizing symmetric equilibrium in simultaneous move, two-player, rank-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that depend on the rank-order of her decision...
Persistent link: https://www.econbiz.de/10011378808
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The importance of emotions for the effectiveness of social punishment
Hopfensitz, Astrid; Reuben, Ernesto - 2006
This paper experimentally explores how the enforcement of cooperative behavior in a social dilemma is facilitated through institutional as well as emotional mechanisms. Recent studies emphasize the importance of negatively valued emotions, such as anger, which motivate individuals to punish free...
Persistent link: https://www.econbiz.de/10011346451
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Social (in)stability, distributive conflicts, and investment in poor and rich economies
Riedl, Arno - 1999 - This version: September, 1999
A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional theory predicts. Empirical evidencesuggests that social and political instability is a major reason for thedivergence between poor and rich countries. However, there is still the...
Persistent link: https://www.econbiz.de/10011302623
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Subjective well-being and peaceful uprisings
Witte, Caroline T.; Burger, Martijn J.; Ianchovichina, Elena - 2018
This study analyzes whether subjective well-being measures can explain variation in peaceful uprisings, in addition to the objective measures typically used in analyses of uprisings. Using a database combining data on uprisings and subjective well-being for 118 countries over the period 2007 to...
Persistent link: https://www.econbiz.de/10011916404