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'Buy-it-Now' or 'Sell-it-Now' Auctions : Effects of Changing Bargaining Power in Sequential Trading Mechanisms

Grebe, Tim - 2015

at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price … prior to the auction; whereas in the "Sell-It-Now" format, it is the buyer. Both formats are extensively used in online and … offline markets. Despite very different strategic implications for buyers and sellers, results from our experiment suggest no …

Persistent link: https://www.econbiz.de/10013009500

Beliefs, Learning, and Personality in the Indefinitely Repeated Prisoner's Dilemma

Gill, David; Rosokha, Yaroslav - 2022

We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner’s dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...

Persistent link: https://www.econbiz.de/10014078209

Confidence in Knowledge or Confidence in the Ability to Learn : an Experiment on the Causal Effects of Beliefs on Motivation

Fischer, Mira - 2018

Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions – namely beliefs about the level of human capital and beliefs about the ability to learn – and this may explain...

Persistent link: https://www.econbiz.de/10012926724

True Overconfidence, Revealed Through Actions : An Experiment

Cheung, Stephen L. - 2017

We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported …

Persistent link: https://www.econbiz.de/10012962309

Strategic Ignorance in Bargaining

Conrads, Julian - 2011

rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …

Persistent link: https://www.econbiz.de/10013118529

Multiple Applications, Competing Mechanisms, and Market Power

Albrecht, James - 2019

We consider a labor market with search frictions in which workers make multiple applications and firms can post and commit to general mechanisms that may be conditioned both on the number of applications received and on the number of offers received by its candidate. When the contract space...

Persistent link: https://www.econbiz.de/10012864863

Search Frictions, Competing Mechanisms and Optimal Market Segmentation

Cai, Xiaoming - 2016

In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...

Persistent link: https://www.econbiz.de/10012990861

Information and Learning in Oligopoly : An Experiment

Bigoni, Maria - 2013

This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …

Persistent link: https://www.econbiz.de/10013088340

Information and Beliefs in a Repeated Normal-Form Game

Fehr, Dietmar; Kübler, Dorothea; Danz, David Nils - 2021

We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...

Persistent link: https://www.econbiz.de/10013325045

Do We Follow Others When We Should? A Simple Test of Rational Expectations

Weizsacker, Georg - 2021

The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...

Persistent link: https://www.econbiz.de/10013325050

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