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We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot...
Persistent link: https://www.econbiz.de/10010532614
Persistent link: https://www.econbiz.de/10011785865
We experimentally study the effect of information about competitors' actions on cartel stability and firms' incentives to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot communicate....
Persistent link: https://www.econbiz.de/10013022876
introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a … experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at …
Persistent link: https://www.econbiz.de/10013375345
riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab experiments … colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and although there …
Persistent link: https://www.econbiz.de/10010348415
reduce free riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab … productivity of colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and …
Persistent link: https://www.econbiz.de/10010348740
In economic environments, decision-makers can strategically delay irreversible investments to learn from the actions of others. This creates free-riding incentives and can lead to socially suboptimal outcomes. We experimentally examine if and how communication mitigates this free-riding problem...
Persistent link: https://www.econbiz.de/10014299600
This paper reports the results of a lab experiment designed to study the role of observability for peer effects in the … setting of a simple production task. In our experiment, participants in the role of workers engage in a team real-effort task …-workers. Instead, our results imply that peer effects in our experiment are heterogeneous, with some workers reciprocating a high …
Persistent link: https://www.econbiz.de/10011813130
verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …
Persistent link: https://www.econbiz.de/10011377092
In the reported experiment different payment schemes are examined on their incentive effects. Payment based on …
Persistent link: https://www.econbiz.de/10009781547