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We analyze a model of Internet auctions. Sellers each offer one item of a heterogeneous good to bidders who have unit-demand preferences. Items are sold in second-price proxy auctions. We derive a perfect Bayesian (epsilon-) equilibrium. Our experimental findings support the theoretical results....
Persistent link: https://www.econbiz.de/10009434632
for same-function alliances, but not for cross-function alliances. We test these equilibrium predictions in an experiment …, it decreases investment in the subsequent competition and also dampens the overall investment across the two stages. In … addition, an increase in interalliance competition decreases investments in the focal alliance but increases investment in the …
Persistent link: https://www.econbiz.de/10009475396
conditional probability of a fatality given an accident. The second essay utilizes data from the National Youth Survey to … conflict. Conditions are derived under which territorial conflict between the two parties is less likely to persist … conflict becomes more destructive, the likelihood of a peaceful outcome, in which the territory's initial possessor deters the …
Persistent link: https://www.econbiz.de/10009464036
ökonomischen Agenten. Auktionen enthüllen private Information indem sie Wettbewerb zwischen Agenten erzeugen. Wenn sie günstig … private information, they provide a means of revealing part of that information by inducing competition between agents. If …
Persistent link: https://www.econbiz.de/10009467148
competition. Consequently this measure may be used in future experiment designs to control for heterogeneous preferences for … unique experiment design to measure ambiguity aversion, which can be modified to also control for risk aversion. A measure of … potential competitors. Gender differences for competition have been found to be removed when information about relative …
Persistent link: https://www.econbiz.de/10009447391
Vertragserfüllung in der kontrollierten Laborumgebung simuliert. In einem ersten Experiment kann auf Basis dieses Untersuchungsdesigns … Experiment verdeutlicht jedoch, wie wichtig vertrauensbasierte Vertragsbeziehungen insbesondere in Bereitstellungsumgebungen sind …
Persistent link: https://www.econbiz.de/10010353164
drivers. In this paper we present the results of an economic experiment designed to explore how reciprocity interacts with … variability and uncertainty significantly increased transfers and gains from trade within our experiment. When participants faced … experiment trust was evident from the onset. Given resource variability and uncertainty are key drivers in semiarid systems, new …
Persistent link: https://www.econbiz.de/10009468333
"A common-pool resource (CPR) is defined as any resource in which exclusion is difficult and consumption of resource units is rival. Examples of CPRs include groundwater basins, fisheries, forests, grazing ranges, and irrigation systems in which property rights--or the ability to uphold such...
Persistent link: https://www.econbiz.de/10009468337
"In this study, individual level behavior is investigated in the context of computer assisted voluntary contribution mechanism public good (VCM) provision experiments and common pool resource (CPR) appropriation experiments. Previous studies of these environments have concentrated on aggregate...
Persistent link: https://www.econbiz.de/10009468340
"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of individual extraction decisions and payoffs we conjecture that subjects will imitate the most successful players’ strategy as long as their payoffs increase. We derive a stable...
Persistent link: https://www.econbiz.de/10009468354