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A dynamic Bertrand-duopoly model where price leadership emerges in equilibrium is developed. In the price leadership equilibrium, a firm leads price changes and its competitor always matches in the next period. The firms produce a homogeneous product and are identical except for the information...
Persistent link: https://www.econbiz.de/10012607377
The threshold protocol game is a graphical game that models the adoption of an idea or product through a population. There are two states players may take in the game, and the goal of the game is to motivate the state that begins in the minority to spread to every player. Here, the threshold...
Persistent link: https://www.econbiz.de/10015271462
This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds …
Persistent link: https://www.econbiz.de/10010240906
the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria … each player’s behavior is based on the toss of a fair coin. This straightforward behavior is predicted by equilibrium …
Persistent link: https://www.econbiz.de/10009752419
together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … collaboration in a dynamic network setting. We develop an experiment in which coordination problems are mainly due to finding … collaborate. The results show that as costs of forming links increase, groups succeed less often in solving the coordination …
Persistent link: https://www.econbiz.de/10009752455
This paper addresses the role of affect and emotions in shaping the behavior of responders in the ultimatum game. A …
Persistent link: https://www.econbiz.de/10009752858
We discuss the strategy that rational agents can use to maximize their expected long-term payoff in the co-action minority game. We argue that the agents will try to get into a cyclic state, where each of the (2N+1) agents wins exactly N times in any continuous stretch of (2N+1) days. We propose...
Persistent link: https://www.econbiz.de/10011849525
in behavior before and after people could talk to their neighbors. We found that the number of people who reduced noise …
Persistent link: https://www.econbiz.de/10012432144
We consider an evolutionary model of social coordination in a 2 × 2 game where two groups of players prefer to … the cost favor coordination. Indeed, when the cost is low, in inside-group interactions, players always coordinate on …
Persistent link: https://www.econbiz.de/10012547862
In this paper, we study cooperation and coordination in a threshold public goods game with asymmetric players where … the threshold. We then study how multiple dimensions of inequality influence people's cooperation and coordination. We …
Persistent link: https://www.econbiz.de/10014443308