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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
.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
.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
.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
Persistent link: https://www.econbiz.de/10008655973
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
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
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
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
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