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Communication and Coordination in Signalling Games: An Experimental Study
Sopher, Barry; Zapater, Inigo - 1998
Persistent link: https://www.econbiz.de/10010334318
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Can fear cause economic collapse? Insights from an experimental study
Guarino, Antonio; Huck, Steffen; Jeitschko, Thomas D. - 2004
We study the behavior of experimental subjects who have to make a sequence of risky investment decisions in the presence of network externalities. Subjects follow a simple heuristic – investing after positive experiences and reducing their propensity to invest after a failure. This result...
Persistent link: https://www.econbiz.de/10010307025
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Panic bank runs
Kiss, Hubert János; Rodriguez-Lara, Ismael; … - 2017
coordination failures among depositors, the two main culprits identified in the literature. Depositors withdraw when they observe …
Persistent link: https://www.econbiz.de/10011944907
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Collusion and bargaining in asymmetric Cournot duopoly: An experiment
Fischer, Christian; Normann, Hans-Theo - 2018
implicitly and explicitly), if at all, in such games. In our treatments without communication, players fail to cooperate and … essentially play the static Nash equilibrium (consistent with previous results). With communication, inefficient firms gain at the …
Persistent link: https://www.econbiz.de/10011929112
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Endogenous cartel formation: Experimental evidence
Fonseca, Miguel A.; Normann, Hans-Theo - 2014
In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they …
Persistent link: https://www.econbiz.de/10010397752
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Do buyer groups facilitate collusion?
Normann, Hans-Theo; Rösch, Jürgen; Schultz, Luis Manuel - 2014
firms. Communication is often abused for explicit agreements and this strongly reduces competition. …
Persistent link: https://www.econbiz.de/10010426996
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Explicit vs. tacit collusion: The impact of communication in oligopoly experiments
Fonseca, Miguel A.; Normann, Hans-Theo - 2012
We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is … disabled. Communication supports fims in coordinating on collusive pricing schemes, and it is also used for conflict mediation. …
Persistent link: https://www.econbiz.de/10010310323
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Signaling in deterministic and stochastic settings
Jeitschko, Thomas D.; Normann, Hans-Theo - 2011
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10010307240
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Who knows it is a game? On strategic awareness and cognitive ability
Fehr, Dietmar; Huck, Steffen - 2014
We introduce the notion of strategic awareness in experimental games which captures the idea that subjects realize they are playing a game and thus have to form beliefs about others' actions. The concept differs from both, rule understanding and rationality. We then turn to experimental evidence...
Persistent link: https://www.econbiz.de/10011298719
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Fairness and motivation
Falk, Armin - In: IZA World of Labor (2014)
How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...
Persistent link: https://www.econbiz.de/10011404832