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Coordination in Networks Formation: Experimental Evidence on Learning and Salience

Galizzi, Matteo; Bernasconi, Michele - 2005

We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat … coordination problems. We conduct experiments under various conditions which control for salient labeling and learning dynamics …. Contrary to previous experiments, we find that coordination on non-empty Strict Nash equilibria is not an easy task for …

Persistent link: https://www.econbiz.de/10010312592

Identity, homophily and in-group bias

Currarini, Sergio; Menge, Friederike - 2012

Many Social Interactions display either or both of the following well documented phenomena. People tend to interact with similar others (homophily). And they tend to treat others more favorably if they are perceived to share the same identity (in-group bias). While both phenomena involve some...

Persistent link: https://www.econbiz.de/10010282981

(Anti-) coordination in networks

Kovarik, Jaromir; Mengel, Friederike; Romero, José Gabriel - 2010

We study (anti-) coordination problems in networks in a laboratory experiment. Partici- pants interact with their neighbours in a fixed network to play a bilateral (anti-) coordination game. Our main treatment variable is the extent to which players are heterogeneous in the number of connections...

Persistent link: https://www.econbiz.de/10010272506

Predicting one Shot Play in 2x2 Games Using Beliefs Based on Minimax Regret

Gallice, Andrea - 2006

We present a simple procedure that selects the strategies most likely to be played by inexperienced agents who interact in one shot 2x2 matching pennies games. As a first step we axiomatically describe players' beliefs. We find the minimax regret criterion to be the simplest functional form that...

Persistent link: https://www.econbiz.de/10010312257

Cartel Sustainability and Cartel Stability

Escrihuela-Villar, Marc - 2004

agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …

Persistent link: https://www.econbiz.de/10011324920

Spagnolo, Giancarlo - 1999

may remove all managers' short-run gains from deviation making collusion supportable at any discount factor. The results …

Persistent link: https://www.econbiz.de/10011608499

Debt as a (credible) collusive device, or: "Everybody happy but the consumer"

Spagnolo, Giancarlo - 1999

besides reducing the agency costs of debt finance also greatly facilitate tacit collusion in product markets. Concentrated or …-proofness), thereby "exporting" collusion through leverage in otherwise competitive downstream product markets. …

Persistent link: https://www.econbiz.de/10011608557

Incentives for Price Manipulation in Emission Permit Markets with Stackelberg Competition

André, Francisco J.; de Castro, Luis M. - 2015

affected by tacit collusion or price manipulation when the corresponding polluting product market is oligopolistic. We analyze …

Persistent link: https://www.econbiz.de/10010491262

Abuse of Competitive Fringe

Capuano, Carlo - 2005

dimension of the fringe such that collusion is a Nash equilibrium of the static game. …

Persistent link: https://www.econbiz.de/10010312265

Markets and cooperation

Spagnolo, Giancarlo - 1999

Why do money and markets crowd out co-operative relations? This paper characterises the effects of intertemporal preferences, money, and markets on players' ability to co-operate in material-payoff supergames. Players' aversion to intertemporal substitution facilitates co-operation by decreasing...

Persistent link: https://www.econbiz.de/10011608563

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