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Inefficiency in private value bargaining with naive players : an experimental study
Possajennikov, Alexandre; Saran, Rene - 2018
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting …
Persistent link: https://www.econbiz.de/10011852503
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Price formation in a sequential selling mechanism
Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2005
place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …
Persistent link: https://www.econbiz.de/10010365906
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Incentive magnitude effects in experimental games : bigger is not necessarily better
Pulford, Briony D.; Colman, Andrew M.; Loomes, Graham - In: Games 9 (2018) 1/4, pp. 1-10
In experimental games, task-related incentives are payments to experimental subjects that vary according to their strategy choices and the consequent outcomes of the games. Limited evidence exists regarding incentive magnitude effects in experimental games. We examined one-off strategy choices...
Persistent link: https://www.econbiz.de/10011848336
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A Simple Bargaining Mechanism that Elicits Truthful Reservation Prices
Brams, Steven J.; Kaplan, Todd R.; Kilgour, D. Marc - 2012
/2; if neither offer falls into the interval, there is no settlement. Comparisons are made with other bargaining mechanisms …
Persistent link: https://www.econbiz.de/10014043989
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Corrupt reciprocity : an experiment
Lambsdorff, Johann; Frank, Björn - 2007
We let students play a corruption game, embedded into a variant of the ultimatum game. Those allotted the role of public servants chose between whistleblowing, opportunism and reciprocity by delivery (of a contract) and those acting as businesspeople chose how to frame the game and whether to...
Persistent link: https://www.econbiz.de/10009425287
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Would depositors like to show others that they do not withdraw? : theory and experiment
Kinateder, Markus; Kiss, Hubert János; Pintér, Ágnes - 2015
the no-run outcome the unique equilibrium. We test if the theoretical predicitions hold in a lab experiment. We find that …
Persistent link: https://www.econbiz.de/10011450033
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Majoritarian Contests with Asymmetric Battlefields : An Experiment
Montero, Maria; Possajennikov, Alex; Sefton, Martin; … - 2013
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who allocates the most to that battlefield. The winner of the game is the player...
Persistent link: https://www.econbiz.de/10014150669
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Risk, reward and uncertainty in buyer-seller transactions : the seller's view on combining posted prices and auctions
Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2023
bias. Furthermore, the paper explores the role of information and bargaining power on behavior and profit prospects in Buy …
Persistent link: https://www.econbiz.de/10014477420
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'Buy-it-Now' or 'Sell-it-Now' Auctions : Effects of Changing Bargaining Power in Sequential Trading Mechanisms
Grebe, Tim - 2016
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade … at a fixed price before an auction. In the “Buy-It-Now” format, the seller has the bargaining power and offers a price … effects of bargaining power on aggregate outcomes. There is, however, substantial heterogeneity within sellers. Sellers who …
Persistent link: https://www.econbiz.de/10013000430
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'Buy-it-Now' or 'Sell-it-Now' Auctions : Effects of Changing Bargaining Power in Sequential Trading Mechanisms
Grebe, Tim - 2015
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade … at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price … effects of bargaining power on aggregate outcomes. There is, however, substantial heterogeneity within sellers. Sellers who …
Persistent link: https://www.econbiz.de/10013009500