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First Time Lucky? An Experiment on Single versus Multiple Bank Lending Relationships
Treibich, Tania; Barboni, Giorgia - Groupe de REcherche en Droit, Économie, Gestion … - 2013
The widespread evidence of multiple bank lending relationships in credit markets suggests that firms are interested in setting up a diversity of banking links. However, it is hard to know from the empirical data whether a firm's observed number of lenders is symptomatic of financial constraints...
Persistent link: https://www.econbiz.de/10010860428
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The approval mechanism solves the prisoner's dilemma theoretically and experimentally
Saijo, Tatsuyoshi; Okano, Yoshitaka; Yamakawa, Takafumi - School of Economics and Management, Kochi University of … - 2015
Consider a situation where players in a prisoner's dilemma game can approve or reject the other's choice such as cooperation or defection. If both players approve the other's choice, the outcome is the one they chose, whereas if either one rejects the other's choice, the outcome is the one when...
Persistent link: https://www.econbiz.de/10011188088
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What Behaviors are Disapproved? Experimental Evidence from Five Dictator Games
López-Pérez, Raúl; Vorsatz, Marc - In: Games 3 (2012) 2, pp. 78-96
The literature on social norms has often stressed that social disapproval is crucial to foster compliance with norms and promote fair and cooperative behavior. With this in mind, we explore the disapproval of allocation decisions using experimental data from five dictator games with a feedback...
Persistent link: https://www.econbiz.de/10011030499
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Bimodal Bidding in Experimental All-Pay Auctions
Ernst, Christiane; Thöni, Christian - In: Games 4 (2013) 4, pp. 608-623
We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...
Persistent link: https://www.econbiz.de/10011030504
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Cooperation, but no reciprocity: Individual strategies in the repeated Prisoner's Dilemma
Breitmoser, Yves - Volkswirtschaftliche Fakultät, … - 2012
A recent advance in our understanding of repeated PDs is the detection of a threshold d* at which laboratory subjects start to cooperate predictively. This threshold is substantially above the classic threshold "existence of Grim equilibrium" and has been characterized axiomatically by Blonski,...
Persistent link: https://www.econbiz.de/10011110806
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An Experiment on the Causes of Bank Run Contagions
Chakravarty, Surajeet; Fonseca, Miguel A.; Kaplan, Todd - Business School, University of Exeter - 2012
To understand the mechanisms behind bank run contagions, we conduct bank run experiments in a modified Diamond-Dybvig setup with two banks (Left and Right). The banks' liquidity levels are either linked or independent. Left Bank depositors see their bank's liquidity level before deciding. Right...
Persistent link: https://www.econbiz.de/10010926067
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Dumbing down rational players : Learning and teaching in an experimental game.
Terracol, Antoine; Vaksmann, Jonathan - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007
specific end ; and forego immediate payoffs if the expected payoffs if the expected payoff gain from a teaching strategy is … actually use a teaching strategy by playing an action that induces a poor immediate payoff but is likely to modify the opponent … confirm this finding within a logistic model which suggests that the future expected payoff that could arise from a teaching …
Persistent link: https://www.econbiz.de/10005696779
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Tit for Others' Tat Repeated Prisoner's Dilemma Experiments with Third-Party Monitoring and Indirect Punishment
Bruttel, Lisa; Güth, Werner - Wirtschaftswissenschaftliche Fakultät, … - 2013
Two pairs of two participants each interact repeatedly in two structurally independent but informationally linked Prisoner's Dilemma games. Neither pair receives feedback about past choices by their own partner but is fully informed about the choices by the other pair. Considering this as a...
Persistent link: https://www.econbiz.de/10010884463
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Alternating or compensating? An experimentrepeated sequential best shot game
Bruttel, Lisa; Güth, Werner - Wirtschaftswissenschaftliche Fakultät, … - 2013
about this choice before contributing. The payoff from the public good is the same for both players and depends only on the …
Persistent link: https://www.econbiz.de/10010884471
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Communication networks in markets
Gallo, Edoardo - Faculty of Economics, University of Cambridge - 2014
This paper proposes a dynamic model of bargaining to analyze decentralized markets where buyers and sellers obtain information about past deals through their social network. There is a unique equilibrium outcome which depends crucially on the peripheral (least connected) individuals in each...
Persistent link: https://www.econbiz.de/10010890020