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This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds … strong indications of such free-riding. Firstly, the subjects tend to wait for others to send a message when communication is … costly, which does not happen when communication is costless. Secondly, the proportion of games where no communication takes …
Persistent link: https://www.econbiz.de/10008548988
This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds … strong indications of such free-riding. Firstly, the subjects wait for others to send a message when communication is costly …, which does not happen when communication is costless. Secondly, the proportion of games where no communication or one …
Persistent link: https://www.econbiz.de/10010690512
, communication possibilities increase coordination success substantially and are likely to generate inferior outcomes for consumers …This paper explores experimentally the effects of costly communication possibilities in market entry games. It is shown …. Furthermore, cost asymmetries provide a tacit coordination cue that is robust to changes in the game and is used by experienced …
Persistent link: https://www.econbiz.de/10005645111
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, all players expend significantly higher efforts than predicted...
Persistent link: https://www.econbiz.de/10010817442
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, all players expend significantly higher efforts than predicted...
Persistent link: https://www.econbiz.de/10011111607
We study, theoretically and experimentally, sealed-bid first-price auctions with and without package bidding. In the model, a global bidder bids for multiple items and can benefit from synergies, while local bidders bid for a single item. In the equilibrium, package bidding improves (hurts)...
Persistent link: https://www.econbiz.de/10010588269
In this paper we present the results of an experiment aimed at testing the ability of consumers to coordinate actions in a market in which network externalities are present. Such markets are characterized by the necessity for consumers to believe that a certain minimum number of people will buy...
Persistent link: https://www.econbiz.de/10008553033
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10011214041
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10011251784
Common knowledge plays an important role in coordination problems and coordination problems are central to many areas … communication in coordinating behaviour. …
Persistent link: https://www.econbiz.de/10005147050