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We study experimentally the outcome of a 50 periods repetition of a two-player coordination game, which admits two-pure strategy Nash equilibria that are Pareto-ranked: a payoff-dominant equilibrium and a risk-dominant equilibrium. The experiment consists of a 2x3 factorial design, with two...
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This paper reports two laboratory studies designed to study the impact of public informationabout past departure rates on congestion levels and travel costs. Our experimental design isbased on a discrete version of Arnott, de Palma, and Lindsey’s (1990) bottleneck model wheresubjects have to...
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This paper reports two laboratory studies designed to study the impact of public information about past departure rates on congestion levels and travel costs. Our experimental design is based on a discrete version of Arnott, de Palma, and Lindsey’s (1990) bottleneck model where subjects have...
Persistent link: https://www.econbiz.de/10005523779