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Multi-sided Bohm-Bawerk assignment markets: the core

Tejada, Oriol - Facultat d'Economia i Empresa, Universitat de Barcelona - 2010

We introduce the class of multi-sided B ohm-Bawerk assignment games, which generalizes the well-kown two-sided B ohm-Bawerk assignment games to situations with an arbitrary number of sectors. We reach the extreme core allocations of any multi-sided B ohm- Bawerk assignment game by means of an...

Persistent link: https://www.econbiz.de/10008515122

Complements and substitutes in multilateral assignment markets

Tejada, Oriol - Facultat d'Economia i Empresa, Universitat de Barcelona - 2009

I prove that, in assignment markets with more than two sides, agents of different sides (or sectors) need not be complements, whereas agents of the same side need not be substitutes. Shapley (1962) showed that this cannot happen when assignment markets are bilateral. Nevertheless, I found...

Persistent link: https://www.econbiz.de/10004998476

An Examination of the Effect of Messages on Cooperation under Double-Blind and Single-Blind Payoff Procedures

Deck, Cary; Servátka, Maroš; Tucker, Steven - Department of Economics and Finance, College of … - 2012

Previous research has suggested that communication and especially promises in-crease cooperation in laboratory … the overall level of cooperation in our experiments with double-blind payoff procedures. However, we also find no evidence … that communication impacts cooperation in our experiments with single-blind payoff proce-dures. Further, the payoff …

Persistent link: https://www.econbiz.de/10010907406

Economic cooperation In Turkish culture: Public goods games and lonely elephants

Beranek, Benjamin; Duman, Alper - 2010

While the public good experiment has been used to analyze cooperation among various groups in Western Europe and North … altruistic punishment, to antisocial punishment, and ultimately to enhanced cooperation in Turkish society. …

Persistent link: https://www.econbiz.de/10011807205

Words Speak Louder Than Money

Servátka, Maroš; Tucker, Steven; Vadovic, Radovan - Department of Economics and Finance, College of … - 2008

This paper reports on an experiment studying the effectiveness of two types of mechanisms for promoting trust: pecuniary and non-pecuniary as well as their mutual interaction. Our data provide evidence that both mechanisms significantly enhance trust in comparison to the standard investment...

Persistent link: https://www.econbiz.de/10005111041

Does Generosity Generate Generosity? An Experimental Study of Reputation Effects in a Dictator Game

Servátka, Maroš - Department of Economics and Finance, College of … - 2007

This paper explores how information about paired subject's previous action affects one's own behavior in a dictator game. The first experiment puts dictators in two environments where they can either give money to the paired player or take money away from them: one where the recipient is a...

Persistent link: https://www.econbiz.de/10005111045

Strategic Use of Trust

Servátka, Maroš; Tucker, Steven; Vadovic, Radovan - Department of Economics and Finance, College of … - 2008

While most of the previous literature interprets trust as an action, we adopt a view that trust is represented by a belief that the other party will return a fair share. The agent’s action is then a commitment device that signals this belief. In this paper we propose and test a conjecture that...

Persistent link: https://www.econbiz.de/10005190255

Saliency of Outside Options in the Lost Wallet Game

Cox, James C.; Servátka, Maroš; Vadovic, Radovan - Department of Economics and Finance, College of … - 2009

This paper reports an experiment designed to shed light on an empirical puzzle observed by Dufwenberg and Gneezy (2000) that the size of the foregone outside option by the first mover does not affect the behavior of the second mover in a lost wallet game. Our conjecture was that the original...

Persistent link: https://www.econbiz.de/10005190257

Market power in interactive environmental and energy markets: The case of Green Certificates

Amundsen, Eirik S.; Nese, Gjermund - Institutt for Økonomi, Universitetet i Bergen - 2004

Markets for environmental externalities are typically closely related to the markets causing such externalities, whereupon strategic interaction may result. Along these lines, the market for Green Certificates is strongly interwoven in the electricity market as the producers of green electricity...

Persistent link: https://www.econbiz.de/10008918558

Computing Normalized Equilibria in Convex-Concave Games

Flåm, Sjur Didrik; Ruszczynski, A. - Institutt for Økonomi, Universitetet i Bergen - 2006

Abstract. This paper considers a fairly large class of noncooperative games in which strategies are jointly constrained. When what is called the Ky Fan or Nikaidô-Isoda function is convex-concave, selected Nash equilibria correspond to diagonal saddle points of that function. This feature is...

Persistent link: https://www.econbiz.de/10008925668