Showing 1 - 10 of 17
We show and explain how generosity beyond that explainable by social preferences can manifest in bargaining. We analyze … proposers coalesce with the less demanding party by strategically matching demands, like ultimatum bargaining, but also give non …
Persistent link: https://www.econbiz.de/10009323443
We study experimentally the effects of cost structure and prize allocation rules on the performance of rent-seeking contests. Most previous studies use a lottery prize rule and linear cost, and find both overbidding relative to the Nash equilibrium prediction and significant variation of...
Persistent link: https://www.econbiz.de/10011109043
that it explains behavior across conditions and it is independently founded in psychology. I test projection equilibrium in …
Persistent link: https://www.econbiz.de/10011167228
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support the main qualitative predictions of the theory. In the auction treatment, where winning...
Persistent link: https://www.econbiz.de/10011258037
analyzing majority bargaining, where observed behavior contradicts existing theories but confirms RDA. Using parameter estimates … from majority bargaining, we then make out-of-sample predictions for Charness-Rabin, Engelmann-Strobel, and Bolton …
Persistent link: https://www.econbiz.de/10011110657
This paper analyzes strategic choice in p-beauty contests. We first show that it is not generally a best reply to guess the expected target value (accounting for the own weight) even in games with n2 players and that iterated best response sequences are not unique even after perfect/cautious...
Persistent link: https://www.econbiz.de/10008493581
The paper analyzes econometric models of altruistic giving in dictator and public goods games. Using existing data sets, I evaluate internal and external validity of "atheoretic" regression models as well as structural models of random behavior, random coefficients, and random utility,...
Persistent link: https://www.econbiz.de/10008611580
This paper analyzes a T-stage model of oligopoly where firms build up capacity and conclude forward sales in stages tT, and they choose production quantities in t=T. We consider the case of n firms with asymmetric marginal costs. In the two-stage game, the set of outcomes is a...
Persistent link: https://www.econbiz.de/10008615028
Are "generous" bargaining offers made out of fairness or in fear of rejection? We disentangle risk and social … references by analyzing experimental behavior in three majority bargaining games: (1) a random-proposer game with infinite time … strategies violate neither stationarity nor truncation consistency. This allows us to use structural models of bargaining …
Persistent link: https://www.econbiz.de/10008765071
, characterize the solution under complete information and establish outcome uniqueness (for both, sealed bid and Dutch formats … impossible, BMAs extend the model of proto-coalition bargaining and are specifically applied to government formation. …
Persistent link: https://www.econbiz.de/10008836766