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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

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

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

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

Imitation and the evolution of Walrasian behavior: theoretically fragile but behaviorally robust

Apesteguia, José; Huck, Steffen; Oechssler, Jörg; … - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...

Persistent link: https://www.econbiz.de/10010270592

The minority game unpacked : coordination and competition in a team-based experiment

Devetag, Giovanna; Pancotto, Francesca; Brenner, Thomas - 2011

In minority games, players in a group must decide at each round which of two available options to choose, knowing that only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar congestion games have shown that players interacting...

Persistent link: https://www.econbiz.de/10011734522

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

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

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

'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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