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show that repeated interaction and communication about prices in a market are not necessary to achieve non …
Persistent link: https://www.econbiz.de/10015209787
show that repeated interaction and communication about prices in a market are not necessary to achieve non …
Persistent link: https://www.econbiz.de/10015173765
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
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
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
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
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
Persistent link: https://www.econbiz.de/10001976631
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
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