neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion is possible, but negotiations often break down and information is revealed in an asymmetric way. The existing …

favorable tie-breaking rules can reduce the discouragement effect and increase the designer's revenue. We test these predictions …

unique pure-strategy Nash equilibrium in rent-seeking games of complete information. In this paper, we generalize their … results to contests with incomplete informa tion. Two assumptions are imposed on the information structure. First, the players …

game of incomplete information between firms and workers. Workers have almost aligned preferences over firms: each worker … signalling mechanism is harmful for this environment. Though signals transmit previously unavailable information, they also … facilitate information asymmetry that leads to coordination failures. As a result, the introduction of a signalling mechanism …

We consider a game of information transmission, with one informed decision maker gathering information from one or more … informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the … on the incentives to report information truthfully is non monotone, and correlation may discipline senders' equilibrium …

(ERA) is a first-price auction in which truthful bidding is encouraged by bonus payments. We test the robustness property …

spite extends to the seller. We experimentally test the model predictions by exogenously varying the presence of human …