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among three players. The baseline treatment with no communication shows that the first and second players send significant … amounts and the third player reciprocates. Allowing insider communication between the second and the third players increases … cooperation between these two. Interestingly, there is an external effect of insider communication: the first player who is …
Persistent link: https://www.econbiz.de/10013096059
Within-group communication in competitive coordination games has been shown to increase competition between groups and … lower efficiency. This study further explores potentially harmful effects of communication, by addressing the questions of … (i) asymmetric communication and (ii) the endogenous emergence of communication. Our theoretical analysis provides …
Persistent link: https://www.econbiz.de/10012970700
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Costless pre-play communication has been shown to effectively facilitate within-group coordination. However, in … competitive coordination games, such as rent-seeking contests, better within-group coordination leads to more aggressive … costly efforts. We find that allowing within-group communication makes groups compete more aggressively. When only one group …
Persistent link: https://www.econbiz.de/10013029381
Motivated by problems of coordination failure observed in weak-link games, we experimentally investigate behavioral … spillovers for order-statistic coordination games. Subjects play the minimum- and median-effort coordination games simultaneously …
Persistent link: https://www.econbiz.de/10014186326
Standard theoretical prediction is that rational economic agents participating in rent-seeking contests should engage in socially inefficient behavior by exerting costly efforts. Experimental studies find that the actual efforts of participants are significantly higher than predicted and that...
Persistent link: https://www.econbiz.de/10013050579
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Motivated by the analyst and investor setting we examine the behavior of subjects playing both roles of sender and receiver in an information transmission game. We also elicit the subjects' beliefs of others' strategic behavior, risk and other-regarding preferences. The results of the experiment...
Persistent link: https://www.econbiz.de/10013038329