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We focus on a class of market entry games in which a newly emergent market opportunity may be fruitfully exploited by no more than a commonly known, exogenously determined number of firms. Our results show significant effects of the parameters manipulated in the study, namely, the market...
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We study a class of single-server queueing systems with a finite population size, FIFO queue discipline, and no balking or reneging. In contrast to the predominant assumptions of queueing theory of exogenously determined arrivals and steady state behavior, we investigate queueing systems with...</emphasis>
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coordination games. In the latter, the equilibrium selection explanation does not predict any change in behavior due to timing …
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This paper constructs a structural model for behavior in expeiments where subjects play a simple coordination game … opponents' choices, and these beliefs update as subjects observe actual choices during the experiment. The model accounts for …
Persistent link: https://www.econbiz.de/10005678717
behavior of others. We present an experiment in which agents’ optimal actions are a weighted average of the fundamental state … the coordination component in a player’s utility increases, players put more weight on the public signal when making their …
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