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A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian outcome...
Persistent link: https://www.econbiz.de/10003593007
laboratory experiment we test the different theories by systematically varying information conditions. We find significant …
Persistent link: https://www.econbiz.de/10003023525
-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred …
Persistent link: https://www.econbiz.de/10010261943
. In a laboratory experiment we test the different theories by systematically varying information conditions. We find that …
Persistent link: https://www.econbiz.de/10010270576
, they predict the equilibrium outcome in pure strategies to be efficient. We test the theory in a series of experimental … treatments with human principals and computerized agents. The theory predicts remarkably well which actions and outcomes are …
Persistent link: https://www.econbiz.de/10012102977
, they predict the equilibrium outcome in pure strategies to be efficient. We test the theory in a series of experimental … treatments with human principals and computerized agents. The theory predicts remarkably well which actions, and outcomes are …
Persistent link: https://www.econbiz.de/10011668556
large-scale natural field experiment and a laboratory experiment. Similar to findings in the literature, conventional … matching for the same project results in partial crowding out in the field experiment and, as predicted, crowding out is … reduced under the novel matching scheme. The lab experiment provides more fine-tuned evidence for the change in crowding and …
Persistent link: https://www.econbiz.de/10012969782
, they predict the equilibrium outcome in pure strategies to be efficient. We test the theory in a series of experimental … treatments with human principals and computerized agents. The theory predicts remarkably well which actions and outcomes are …
Persistent link: https://www.econbiz.de/10012102285
Jordan. Using a simple sharing experiment, we find only little discrimination. Among the Jordanian children, however, we see …
Persistent link: https://www.econbiz.de/10012236863
Jordan. Using a simple sharing experiment, we find only little discrimination. Among the Jordanian children, however, we see …
Persistent link: https://www.econbiz.de/10012270015