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than in either of the No Signal treatments. We also find that information about the other person's play appears to increase … this additional information are unable to overcome the apparent pessimism about the feasibility of coordination without a …
Persistent link: https://www.econbiz.de/10014122582
Are people concerned with their relative standing in a reference group? Do certain types care more about this than others? Little work has been done to identify underlying determinants for an inclination to make social comparisons and to explain variation across individuals. We investigate...
Persistent link: https://www.econbiz.de/10014159137
We study experimentally a two-stage compensation mechanism for promoting cooperation in prisoner's dilemma games. In stage 1, players simultaneously choose binding non-negative amounts to pay their counterparts for cooperating in a given prisoner's dilemma game, and then play the prisoner's...
Persistent link: https://www.econbiz.de/10014057940
We study games played between groups of players, where a given group decides which strategy it will play through a vote by its members. When groups consist of two voting players, our games can also be interpreted as network-formation games. In experiments on Stag Hunt games, we find a stark...
Persistent link: https://www.econbiz.de/10014073874
Persistent link: https://www.econbiz.de/10011504686
payoffs of a game where each player faces the possibility of bargaining at random against any other player. In the kooperative …
Persistent link: https://www.econbiz.de/10010318958
The Nash program is an important research agenda initiated in Nash (Econometrica 21:128-140, 1953) in order to bridge the gap between the noncooperative and cooperative counterparts of game theory. The program is thus turning sixty-seven years old, but I will argue it is not ready for...
Persistent link: https://www.econbiz.de/10012503895
Persistent link: https://www.econbiz.de/10010420254
We consider bargaining in a bipartite network of buyers and sellers, who can only trade with the limited number of … with information transmission of job openings, business opportunities, and transactions not easily regulated by external … authorities. We perform an experimental test of a graph-theoretic model that allows us to decompose any two-sided network into …
Persistent link: https://www.econbiz.de/10014142824
This paper investigates whether information about generosity or fairness can be useful in lowering dispute costs and … enhancing bargaining efficiency. Subjects were first screened using a dictator game, with the allocations chosen used to … imposed. Sorting with identification reduces dispute costs; there are also significant differences in bargaining efficiency …
Persistent link: https://www.econbiz.de/10014052486