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Learning frames
Daskalova, Vessela; Vriend, Nicolaas J. - 2021
data from coordination games. The analysis shows that the model fits the data well as it matches the key stylized facts. It …
Persistent link: https://www.econbiz.de/10012608716
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Categorization and coordination
Daskalova, Vessela; Vriend, Nicolaas J. - 2014
The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
Persistent link: https://www.econbiz.de/10010353550
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Myopic oligopoly pricing
Bos, Iwan; Marini, Marco; Saulle, Riccardo D. - 2021
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence of a unique pure-strategy price solution for any given level of capacity. This solution is shown to coincide with the...
Persistent link: https://www.econbiz.de/10012814516
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Providing efficient network access to green power generators : a long-term property rights perspective
Petropoulos, Georgios; Willems, Bert - 2016
Coordinating the timing and location of new production facilities is one of the challenges of liberalized power sectors. It is complicated by the presence of transmission bottlenecks, oligopolistic competition, and the unknown prospects of low-carbon technologies. The authors build a model...
Persistent link: https://www.econbiz.de/10011613836
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Superstar economists : coauthorship networks and research output
Zimmermann, Christian; Hsieh, Chih-sheng; König, Michael D. - 2018
We study the impact of research collaborations in coauthorship networks on research output and how optimal funding can maximize it. Through the links in the collaboration network, researchers create spillovers not only to their direct coauthors but also to researchers indirectly linked to them....
Persistent link: https://www.econbiz.de/10011914337
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(Anti-) coordination in networks
Kovářík, Jaromír; Mengel, Friederike; Romero, J. 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 … of successful coordination. In addition, even though there is a multiplicity of Nash equilibria theoretically, a very …
Persistent link: https://www.econbiz.de/10008728743
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Auction mechanisms and bidder collusion : bribes, signals and selection
Llorente-Saguer, Aniol; Zultan, Ro’i - 2014 - This version: November 20, 2014
The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of bidding rings. In equilibrium, collusive negotiations are either successful or are avoided altogether, hence such analysis neglects the effects of failed collusion attempts. In...
Persistent link: https://www.econbiz.de/10010472820
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The effect of belief elicitation game play : conference paper
Hoffmann, Timo - 2014
The assumptions that subjects hold beliefs and that the chosen actions are not altered by a proper elicitation of these beliefs are widely used in economics. In this paper I experimentally test whether the second assumption is correct. Especially controlling for different game properties, I find...
Persistent link: https://www.econbiz.de/10010487275
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Extrapolation in games of coordination and dominance solvable games
Mengel, Friederike; Sciubba, Emanuela - 2010
dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 … dominated strategies (IEDS), a pure Coordination game or a Coordination game with pareto ranked equilibria. We find strong … the Coordination games. Playing a strategically similar game before leads to faster convergence to Nash equilibrium in the …
Persistent link: https://www.econbiz.de/10008747644
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the "discouragement effect." Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the...
Persistent link: https://www.econbiz.de/10011473887