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Majoritarian contests with asymmetric battlefields : an experiment
Montero, María; Possajennikov, Alexandre; Sefton, Martin; … - 2013
choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10010224988
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Correlated equilibria and communication equilibria in all-pay auctions
Pavlov, Gregory - 2013
We study cheap-talk pre-play communication in the static all-pay auctions. For the case of two bidders, all correlated … and communication equilibria are payoff equivalent to the Nash equilibrium if there is no reserve price, or if it is … robust to preplay communication between the bidders. If there are three or more symmetric bidders, or two symmetric bidders …
Persistent link: https://www.econbiz.de/10009745257
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Cheap Talk Advertising in Auctions
Jewitt, Ian; Li, Daniel Z. - 2021
This paper explores how a seller should transmit product information to bidders with horizontally differentiated preferences. Under cheap-talk, we show that, in an informative equilibrium, the seller provides less precise information for more popular product attributes. Second, for any given...
Persistent link: https://www.econbiz.de/10013250400
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Strategies under strategic uncertainty
Mass, Helene - 2018
I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the other players' strategies. I propose a new decision criterion which works in two steps. First, I assume common knowledge of rationality and eliminate all strategies which are not...
Persistent link: https://www.econbiz.de/10011946016
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Can there be a market for cheap-talk information? : an experimental investigation
Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 2018
This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....
Persistent link: https://www.econbiz.de/10011822038
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Collusion in multiobject auctions : an experimental evidence
Matousek, Jindrich; Cingl, Lubomir - 2015
to collude among bidding participants due to a provision of a simple communication channel. The results suggest that the … combinatorial bidding format does not bring higher efficiency. Allowing for communication increases efficiency in both examined … allocation compared to the auction formats without the communication channel. Combinatorial bidding on packages makes the …
Persistent link: https://www.econbiz.de/10011305158
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Can There Be a Market for Cheap-Talk Information? An Experimental Investigation
Cabrales, Antonio - 2018
This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....
Persistent link: https://www.econbiz.de/10012917514
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Donors change both their level and pattern of giving in response to contests among charities
Deck, Cary A.; Murphy, James J. - In: European economic review : EER 112 (2019), pp. 91-106
Persistent link: https://www.econbiz.de/10012237767
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Cheap-talk communication in procurement auctions : theory and experiment
Onderstal, Sander; Yang, Yang - 2020
and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and … the winning supplier have misaligned interests regarding the terms, the buyer benefits from ex-ante communication relative …
Persistent link: https://www.econbiz.de/10012167341
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Cross-game learning and cognitive ability in auctions
Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021
Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...
Persistent link: https://www.econbiz.de/10012668312