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Can Communication Mitigate Strategic Delays in Investment Timing?
Mermer, Ayse Gül; Onderstal, Sander; Sonnemans, Joep - 2022
experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at … others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in … introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a …
Persistent link: https://www.econbiz.de/10013427592
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Can communication mitigate strategic delays in investment timing?
Mermer, Ayse; Onderstal, Sander; Sonnemans, Joep - 2022
experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at … others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in … introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a …
Persistent link: https://www.econbiz.de/10013375345
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The Chopstick Auction: A Study of the Exposure Problem in Multi-Unit Auctions
Onderstal, Sander; Englmaier, Florian; Guillen, Pablo; … - 2004
Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the 'chopstick auction' in which bidders are confronted with the exposure problem. We analyze the chopstick auction with incomplete information both in theory and in a...
Persistent link: https://www.econbiz.de/10011324887
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The chopstick auction: a study of the exposure problem in multi-unit auctions
Englmaier, Florian; Guillén, Pablo; Llorente, Loreto; … - 2006
Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the chopstick auction' in which bidders are confronted with the exposure problem. We do so both in theory and in a laboratory experiment. In theory, the chopstick auction...
Persistent link: https://www.econbiz.de/10010263964
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The Chopstick Auction : A Study of the Exposure Problem in Multi-Unit Auctions
Englmaier, Florian; Guillen, Pablo; Llorente, Loreto; … - 2021
Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the 'chopstick auction' in which bidders are confronted with the exposure problem. We do so both in theory and in a laboratory experiment. In theory, the chopstick auction...
Persistent link: https://www.econbiz.de/10013317485
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The chopstick auction : a study of the exposure problem in multi-unit auctions
Onderstal, Sander; Englmaier, Florian; Guillén, Pablo; … - 2004
Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the chopstick auction' in which bidders are confronted with the exposure problem. We analyze the chopstick auction with incomplete information both in theory and in a...
Persistent link: https://www.econbiz.de/10011599133
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The Chopstick Auction : A Study of the Exposure Problem in Multi-Unit Auctions
Onderstal, Sander; Englmaier, Florian; Sausgruber, Rupert; … - 2010
Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the chopstick auction in which bidders are confronted with the exposure problem. We analyze the chopstick auction with incomplete information both in theory and in a...
Persistent link: https://www.econbiz.de/10014073442
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The Chopstick Auction: A Study of the Exposure Problem in Multi-Unit Auctions
Onderstal, Sander; Englmaier, Florian; Guillen, Pablo; … - Fondazione ENI Enrico Mattei (FEEM) - 2004
Multi-unit auctions are sometimes plagued by the so-called exposure problem. In this paper, we analyze a simple game called the ‘chopstick auction’ in which bidders are confronted with the exposure problem. We analyze the chopstick auction with incomplete information both in theory and in a...
Persistent link: https://www.econbiz.de/10004990047
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Punching above One's Weight: The Case against Election Campaigns
Haan, Marco A.; Los, Bart; Onderstal, Sander; Riyanto, … - 2010
Politicians differ in their ability to implement some policy. In an election, candidates make commitments regarding the plans they will try to implement if elected. These serve as a signal of true ability. In equilibrium, candidates make overambitious promises. The candidate with the highest...
Persistent link: https://www.econbiz.de/10010325822
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Punching above one's weight : the case against election campaigns
Haan, Marco; Los, Bart; Onderstal, Sander; Riyanto, … - 2010
Politicians differ in their ability to implement some policy. In an election, candidates make commitments regarding the plans they will try to implement if elected. These serve as a signal of true ability. In equilibrium, candidates make overambitious promises. The candidate with the highest...
Persistent link: https://www.econbiz.de/10011380750