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"One of the successes in contemporary social science is the development and proliferation of game theory. For a wide … range of phenomena, game theory produces enormous insight into the strategic interaction of individuals. Its greatest power …, information aggregation or when confronting large-scale social dilemmas. However, as Ostrom (1998) reminds us, game theory also …
Persistent link: https://www.econbiz.de/10009468443
We run experiments with a stag hunt and bargaining coordination game. Using a between-subjects design, we vary the … or identity play a part in coordination decisions. We compare the responses of British and Asian students at the …
Persistent link: https://www.econbiz.de/10011269600
We analyze results from two categories of experiments where the subjects received controlled signals about the sex of their co-players. In a series of Battle of the Sexes experiments the subjects played more hawkish against women than against men. The impact of the sex signal was most pronounced...
Persistent link: https://www.econbiz.de/10005645106
administer, then the coordination of the supply chain and the arbitrary allocation of its profit is possible. Several limitations …
Persistent link: https://www.econbiz.de/10009191918
We look at the basic applications of cooperative game theory to economic situations. These include bargaining and …
Persistent link: https://www.econbiz.de/10010883241
Persistent link: https://www.econbiz.de/10010928466
Persistent link: https://www.econbiz.de/10005207731
The seller posted-price procedure is probably the most common method for making transactions in modern economies. We analyze the performance of posted pricing for transactions having significant common-value elements. In a model of two-sided private information, we characterize the fully...
Persistent link: https://www.econbiz.de/10009218220
This paper studies the role of bargaining power in coalition formation when two groups of substantially different agents negotiate over a public good with positive or negative spillovers. Both types of agent are allowed to form coalitions before the negotiations start. The forming of coalitions...
Persistent link: https://www.econbiz.de/10009399048
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