Showing 1 - 10 of 323
as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the …
Persistent link: https://www.econbiz.de/10010325228
This paper investigates the extent of the holdup underinvestment problem in a buyer-seller relationship in which the seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation in which outside options are publicly observed, the...
Persistent link: https://www.econbiz.de/10010325012
This paper describes a classroom experiment that illustrates the research and development investment incentives facing firms when technological spillovers are present. The game involves two stages in which student sellers first make investment decisions then production decisions. The classroom...
Persistent link: https://www.econbiz.de/10014027536
recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the … equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … asymmetries have on bargaining power, especially when the asymmetries relate to recognition probabilities. …
Persistent link: https://www.econbiz.de/10011288420
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the …
Persistent link: https://www.econbiz.de/10010324581
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment …
Persistent link: https://www.econbiz.de/10010325208
We consider repeated trust game experiments to study the interplay between explicit and relational incentives. After … considerations. We also explicitly test how game choice is affected by the length of the repeated game. …
Persistent link: https://www.econbiz.de/10010325755
This paper reports the results of an individual real effort laboratory experiment where subjects are paid for measured performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small with a volatile environment where the noise is...
Persistent link: https://www.econbiz.de/10010325762
and monitoring. This paper reports the results from a laboratory experiment designed to test whether organizations make …
Persistent link: https://www.econbiz.de/10010326039
, within a standard New Keynesian model, by means of laboratory experiments with human subjects. Three aggregate outcomes are …
Persistent link: https://www.econbiz.de/10010326142