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We focus on a class of market entry games in which a newly emergent market opportunity may be fruitfully exploited by no more than a commonly known, exogenously determined number of firms. Our results show significant effects of the parameters manipulated in the study, namely, the market...
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or reneging. In contrast to the predominant assumptions of queueing theory of exogenously determined arrivals and steady …
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We study experimentally a class of pure coordination games as a special case of the Consumer Choice of Prizes game … developed by Rapoport et al. (2000). We find a high level of group coordination coupled with considerable switching in the …
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yields only a single prize. The results show a remarkable degree of tacit coordination that supports the equilibrium solution … under the assumption of common risk-aversion. However, this coordination is not achieved via individual level randomization …
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