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experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at … 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
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment …
Persistent link: https://www.econbiz.de/10011338000
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …
Persistent link: https://www.econbiz.de/10010371113
experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
Persistent link: https://www.econbiz.de/10011339153
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Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers …' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are …
Persistent link: https://www.econbiz.de/10011349214
This study uses the methods of experimental economics to investigate possible reasons for the lack of empirical support for the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are large enough, producers may choose to (partially) ignore the dynamic component...
Persistent link: https://www.econbiz.de/10010340880