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The commitment effect in belief evolution
Gehring, Thomas; Güth, Werner; René Levínský - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
In this note we establish that rational demand expectations willtypically not evolve in an evolutionary model. In an evolutionarymodel beliefs act like a commitment device to more aggressive be-havior. This commitment effect has the same direction for strategicsubstitutes and complements and...
Persistent link: https://www.econbiz.de/10005866911
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Testing forbearance experimentally: Duopolistic competition of conglomerate firms
Güth, Werner; Häger, Kirsten; Kirchkamp, Oliver; … - 2010
.e., firms competing on multiple structurally unrelated markets, can effectively limit competition. Our more general analysis … effects of forbearance and repeated interaction. Surprisingly, conglomerate firms do not limit competition, they rather foster …
Persistent link: https://www.econbiz.de/10010269746
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Testing Forbearance Experimentally - Duopolistic Competition of Conglomerate Firms
Güth, Werner; Häger, Kirsten; Kirchkamp, Oliver; … - Wirtschaftswissenschaftliche Fakultät, … - 2010
.e., firms competing on multiple structurally unrelated markets, can effectively limit competition. Our more general analysis … effects of forbearance and repeated interaction. Surprisingly, conglomerate firms do not limit competition, they rather foster …
Persistent link: https://www.econbiz.de/10008466105
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Testing forbearance experimentally : duopolistic competition of conglomerate firms
Güth, Werner; Häger, Kirsten; Kirchkamp, Oliver; … - 2010
.e., firms competing on multiple structurally unrelated markets, can effectively limit competition. Our more general analysis … effects of forbearance and repeated interaction. Surprisingly, conglomerate firms do not limit competition, they rather foster … more cooperation in a partners than in a strangers matching. -- Experiment ; Forbearance ; Competition …
Persistent link: https://www.econbiz.de/10003980544
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Satisficing in sales competition : experimental evidence
Berninghaus, Siegfried; Güth, Werner; Levati, Maria … - 2009
Persistent link: https://www.econbiz.de/10008655973
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Satisficing in sales competition : experimental evidence
Berninghaus, Siegfried; Güth, Werner; Levati, Maria … - 2009
In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other's behavior. We augment the sellers' decision task by eliciting their profit aspiration. In a first experimental phase, whenever satisficing is not possible, sales choices, point...
Persistent link: https://www.econbiz.de/10009734685
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Competition in product design: an experiment exploring innovation behavior
Cantner, Uwe; Güth, Werner; Nicklisch, Andreas; … - 2007
We experimentally investigate competition in innovation in a patent race scenario. Pairs of subjects compete as seller … competition as measured by sales shares, while for others no correlation is ascertained. Heterogeneity in individual risk …
Persistent link: https://www.econbiz.de/10010263789
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Competition in product design: An experiment exploring innovation behavior
Cantner, Uwe; Güth, Werner; Nicklisch, Andreas; … - Wirtschaftswissenschaftliche Fakultät, … - 2007
We experimentally investigate competition in innovation in a patent race scenario. Pairs of subjects compete as seller … competition as measured by sales shares, while for others no correlation is ascertained. Heterogeneity in individual risk …
Persistent link: https://www.econbiz.de/10005090501
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Voluntary Cooperation Based on Equilibrium Retribution –An Experiment Testing Finite-Horizon Folk Theorems
Bruttel, Lisa V.; Güth, Werner; Kamecke, Ulrich; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
Unlike previous attempts to implement cooperation in a prisoners’ dilemma gamewith an infinite horizon in the laboratory, we focus on extended prisoners’ dilemmagames in which a second (pure strategy) equilibrium allows for voluntary cooperationin all but the last round. Our four main...
Persistent link: https://www.econbiz.de/10005866398
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Psychology and Economics rather than Psychology versusEconomics: Cultural differences but no barriers!
Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
During the last three decades the ascent of behavioral economics clearly helped tobring down artificial disciplinary boundaries between psychology and economics.Noting that behavioral economics seems still under the spell of the rational choicetradition – and, indirectly, of behaviorism – we...
Persistent link: https://www.econbiz.de/10005866402