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Job Market Signaling and Screening : An Experimental Comparison
Kübler, Dorothea; Müller, Wieland; Normann, Hans-Theo - 2021
We analyze the Spence education game in experimental markets. We compare a signaling and a screening variant, and we analyze the effect of increasing the number of employers from two to three. In all treatments, there is a strong tendency to separate. More efficient workers invest more often and...
Persistent link: https://www.econbiz.de/10013319227
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Noisy leadership: An experimental approach
Güth, Werner; Müller, Wieland; Spiegel, Yossi - Max-Planck-Institut zur Erforschung von … - 2002
We examine the strategic behavior of leaders and followers in sequential duopoly experiments in which followers either perfectly observe the leaders' actions or else observe nothing. (...)
Persistent link: https://www.econbiz.de/10005845209
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The East End, the West End, and King’s Cross : on clustering in the four-player hotelling game
Huck, Steffen; Müller, Wieland; Vriend, Nicolaas J. - 2000
analytical model based on maximizing expected utility, and derive an optimal time allocation strategy for decreasing, constant … and increasing returns from time invested in the venture. The model's predictions are tested in a simple questionnaire … experiment where respondents have to detect corner solutions, that is, they should allocate to the venture either the maximum or …
Persistent link: https://www.econbiz.de/10009583426
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Oligopoly Limit-Pricing in the Lab
Müller, Wieland - 2006
We examine the behavior of senders and receivers in the context of oligopoly limit pricing experiments in which high prices chosen by two privately informed incumbents may signal to a potential entrant that the industry-wide costs are high and that entry is unprofitable. The results provide...
Persistent link: https://www.econbiz.de/10012733313
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The East End, the West End, and King's Cross : On Clustering in the Four-Player Hotelling Game
Huck, Steffen; Müller, Wieland; Vriend, Nicolaas J. - 2000
We study experimentally a standard four-player Hotelling game, with a uniform density of consumers and inelastic demand. The pure strategy Nash equilibrium configuration consists of two firms located at one quarter of the "linear city," and the other two at three quarters. We do not observe...
Persistent link: https://www.econbiz.de/10014151419
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The Merger Paradox and Why Aspiration Levels Let it Fail in the Laboratory
Huck, Steffen; Konrad, Kai A.; Müller, Wieland; … - 2011
We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral …
Persistent link: https://www.econbiz.de/10014035254
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Allowing for Two Production Periods in the Cournot Duopoly : Experimental Evidence
Müller, Wieland - 2004
In this study behavior in a Cournot duopoly with two production periods (the market clears only after the second period) is compared to behavior in a standard one-period Cournot duopoly. Theory predicts the endogenous emergence of a Stackelberg outcome in the two-period market. The results of...
Persistent link: https://www.econbiz.de/10014071333
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Noisy Leadership : An Experimental Approach
Güth, Werner; Müller, Wieland; Spiegel, Yossi - 2002
We examine the strategic behavior of leaders and followers in sequential duopoly experiments in which followers either perfectly observe the leaders' actions or else observe nothing. Our experiments show that consistent with the theory, leaders enjoy a greater first-mover advantage when...
Persistent link: https://www.econbiz.de/10014034112
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Job Market Signalling and Screening : An Experimental Comparison
Müller, Wieland; Kübler, D.; Normann, H.T. - Tilburg University, Center for Economic Research - 2003
We analyze the Spence education game in experimental markets.We compare a signaling and a screening variant, and we analyze the e®ect of increasing the number of employers from two to three.In all treatments, there is a strong tendency to separate.More efficient workers invest more often and...
Persistent link: https://www.econbiz.de/10011091376
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A New Approach to the Analysis of Cooperation Under the Shadow of the Future : Theory and Experimental Evidence
Kartal, Melis - 2018
The theory of infinitely repeated games lacks predictive power due to equilibrium multiplicity and its insensitivity to, for example, changes in certain parameters, the timing of players' moves or communication possibilities. We propose a new approach, which mitigates the shortcomings of the...
Persistent link: https://www.econbiz.de/10012913715