Showing 1 - 10 of 23
We present an experiment where two players bargain with a third player. They can bargain either separately or form a joint venture to bargain collectively. Our theoretical benchmark solution predicts decentralized bargaining, as only one player has an interest in forming a joint venture....
Persistent link: https://www.econbiz.de/10005463626
Systematic experiments with distribution games (for a survey, see Roth, 1995) have shown that participants are strongly motivated by fairness and efficiency considerations. This evidence, however, results mainly from experimental designs asking directly for sharing monetary rewards. But even...
Persistent link: https://www.econbiz.de/10005463641
There is robust field data showing that a frequent and successful way of looking for a job is via the intermediation of friends and relatives. Here we want to test this experimentally. Participants first play a simple public goods game with two interaction partners ('friends'), and share...
Persistent link: https://www.econbiz.de/10005463644
In a duopoly market, aspirations express how much sellers want to earn given their expectations about the other's behavior. We define individually and mutually satisficing sales behavior for given individual beliefs and aspirations. In a first experimental phase, whenever satisficing is not...
Persistent link: https://www.econbiz.de/10005585796
We analyze dynamic local interaction in population games where the local interaction structure (modeled as a graph) can change over time: A stochastic process generates a random sequence of graphs. This contrasts with models where the initial interaction structure (represented by a deterministic...
Persistent link: https://www.econbiz.de/10005463650
In game-theoretical models with local interaction it is usually assumed that fixed local interaction structures are imposed exogenously and do not evolve during the course of the game. However, this assumption does not make much sense in economics. We model the evolution of interaction...
Persistent link: https://www.econbiz.de/10005463692
We present a series of experimental coordination games with a payoff-dominant and a risk-dominant Nash equilibrium. We examine in how far local interaction structures have effects on players' strategy choices. Our three major observations are the following: First, local interaction with open...
Persistent link: https://www.econbiz.de/10005035535
A population of players is considered in which each player may select his neighbors in order to play a 2x2 coordination game with each of them. We analyze how the payoffs in the underlying coordination game effect the resulting equilibrium neighborhood resp. network structure. Depending on the...
Persistent link: https://www.econbiz.de/10005628299
A population of players is considered in which each agent can select her neighbors in order to play a 2x2 Hawk-Dove game with each of them. We design our experiment in continuous time where participants may change their Hawk-Dove action and/or their neighborhood at any point in time. We are...
Persistent link: https://www.econbiz.de/10005585773
In an experimental evolutionary game framework we investigate whether subjects end up in a socially efficient state. We examine two games, a game where the socially efficient state is also an equilibrium and a game which has no equilibrium in pure strategies at all. Furthermore, we distinguish...
Persistent link: https://www.econbiz.de/10005585813