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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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Can communication mitigate strategic delays in investment timing?
Mermer, Ayse; Onderstal, Sander; Sonnemans, Joep - 2023
how communication mitigates this free-riding problem in an investment-timing game. In our baseline investment-timing game …. If more investors invest at the same time, they share the costs. In the communication treatment, subjects can freely … communicate before choosing the investment time. We find that in groups of two players, communication increases cooperation and …
Persistent link: https://www.econbiz.de/10014299600
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Coordination of expectations in asset pricing experiments
Hommes, Cars H.; Sonnemans, Joep; Tuinstra, Jan; … - 2003
We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....
Persistent link: https://www.econbiz.de/10011333274
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Yes, I'll do it : a large-scale experiment on the volunteer's dilemma
Kopányi-Peuker, Anita - 2018
In many real-life situations people face a simple decision whether to volunteer or not to provide some benefit for themselves and also for others. This research investigates the effects of the group size and the magnitude of the volunteering cost in a controlled large-scale laboratory...
Persistent link: https://www.econbiz.de/10011901874
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Can communication mitigate strategic delays in investment timing?
Mermer, Ayse; Onderstal, Sander; Sonnemans, Joep - 2022
experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at … others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in … introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a …
Persistent link: https://www.econbiz.de/10013375345
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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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Market power in California's water market
Tomori, Françeska; Ansink, Erik; Houba, Harold; … - 2021
We estimate market power in California's thin water market. Market frictions may distort the potential welfare gains from water marketing. We use a Nash-Cournot model and derive a closed-form solution for the extent of market power in a typical water market setting. We then use this solution to...
Persistent link: https://www.econbiz.de/10012421023
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The trust game behind the veil of ignorance : a note on gender differences
Výrašteková, Jana; Onderstal, Sander - 2010
We analyze 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 average, men and women do not differ in trust, and that women are...
Persistent link: https://www.econbiz.de/10011380925
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The behavioral impact of emotions in a power to take game : an experimental study
Bosman, Ronald; Winden, Frans A. A. M. van - 1999
The power to take game is a simple two player game where players arerandomly divided into pairs consisting of a take authority and responder.Both players in each pair have earned an own income in an individual realeffort decision-making experiment preceding the take game. The gameconsists of two...
Persistent link: https://www.econbiz.de/10011301155
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Emotions and economic shocks in a first-price auction
Bosman, Ronald; Riedl, Arno - 2003
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