Showing 1 - 10 of 81
This dissertation presents the results of a series of common pool experiments conducted in three regions of rural … conservative choices in common pool experiments. Groups of five subjects participated in a 20-period common pool resource game … resource game and then 10 additional rounds under one of five institutions: face-to-face communication, one of two external …
Persistent link: https://www.econbiz.de/10005711627
subgroups. We investigate the occurrence of tacit and explicit collusion by allowing for communication within subgroups in one … symmetric collusive strategy for one subgroup, we find little evidence for tacit collusion. Only when explicit communication is … allowed, collusion is established. A behavioral model using quantal response equilibrium in which subjects have beliefs over …
Persistent link: https://www.econbiz.de/10010988968
Public reputation mechanisms are an effective means to limit opportunistic behavior in markets suffering from moral hazard problems. While previous research was mostly concerned with the influence of exogenous feedback mechanisms, this study considers the endogenous emergence of reputation...
Persistent link: https://www.econbiz.de/10014503988
and their behavioral biases, as well as the role of communication, information, and advice. The main experimental findings …
Persistent link: https://www.econbiz.de/10012627987
Li (Am Econ Rev 107(11):3257–3287, 2017) introduces a theoretical notion of obviousness of a dominant strategy, to be used as a refinement in mechanism design. This notion is supported by experimental evidence that bidding is closer to dominance in the dynamic ascending-clock auction than the...
Persistent link: https://www.econbiz.de/10014501391
This paper studies the effect of social relations on convergence to the efficient equilibrium in 2×2 coordination games from an experimental perspective. We employ a 2×2 factorial design in which we explore two different games with asymmetric payoffs and two matching protocols: “friends”...
Persistent link: https://www.econbiz.de/10010988965
The ability to strategically reason is important in many competitive environments. In this paper, we examine how relatively mild temporal variations in cognition affect reasoning in the Beauty Contest. The source of temporal cognition variation that we explore is the time-of-day that decisions...
Persistent link: https://www.econbiz.de/10010988967
We conduct modified dictator games in which price of giving varies across choice situations, and examine responses to price changes in two contexts—one where dictators divide their own earnings, and another where they divide the earnings of others. Varying the price of giving allows us to...
Persistent link: https://www.econbiz.de/10010988973
A vast amount of empirical and theoretical research on public good games indicates that the threat of punishment can curb free-riding in human groups engaged in joint enterprises. Since punishment is often costly, however, this raises an issue of second-order free-riding: indeed, the sanctioning...
Persistent link: https://www.econbiz.de/10010988977
We analyze a bargaining protocol recently proposed in the literature vis-à-vis unconstrained negotiation. This new mechanism extracts “gains from trade” inherent in the differing valuation of two parties towards various issues where conflict exists. We assess the role of incomplete vs....
Persistent link: https://www.econbiz.de/10010988983