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In an experimental study, we compare individual willingness to cooperate in a public good game after an initial team contest phase. While players in the treatment setup make a conscious decision on how much to invest in the contest, this decision is exogenously imposed on players in the control...
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choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
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choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10014150669
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that the standard allocation rule is particularly vulnerable to collusive equilibria. -- experiment ; uniform price auction … ; multi-unit auction ; divisible-good auction ; allocation rule ; communication …
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We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. 'Standard' and 'uniform' allocation rules admit different types of low-price equilibria, which are eliminated by a 'hybrid' rule. We observe little evidence of revenue differences among the...
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