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participan. -- Group identity ; Experiments ; Markets ; Bargaining … market game. We create group identity through a focal point coordination game. Subjects play a three-person bargaining game …
Persistent link: https://www.econbiz.de/10009310129
We study the effects of group identity on cooperation in experimental two-person strategic games. Our results show that in games of strategic complements, group identity only matters initially when a participant interacts with another participant of the same group by delivering more cooperative...
Persistent link: https://www.econbiz.de/10014077790
recognition probabilities, in a model of strategic bargaining with Condorcet cycles. Overall, we find only limited support for the … equilibrium predictions. The main deviations from theory are: a) Subjects under-exploit their bargaining power by being more … asymmetries have on bargaining power, especially when the asymmetries relate to recognition probabilities. …
Persistent link: https://www.econbiz.de/10010532580
of bargaining failures. Unlike previous behavioural research, that is mostly based on motivated beliefs and actions, this …
Persistent link: https://www.econbiz.de/10012104838
of bargaining failures. Unlike previous behavioural research, that is mostly based on motivated beliefs and actions, this …
Persistent link: https://www.econbiz.de/10012129125
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
Although the role of formal and informal institutions in promoting economic growth and sustaining exchange relations is now well established, explaining and differentiating how informal and formal rules affect individual behavior remain a challenge. This study aims to distill the essential...
Persistent link: https://www.econbiz.de/10011349339
Persistent link: https://www.econbiz.de/10010191396
as equilibrium phenomena of the ascending auction. In a series of experiments, we compare its performance to that of the …
Persistent link: https://www.econbiz.de/10011342575
that makes all bids visible, and apply it to a 'wallet auction' experiment. Finally, we test the theory against various …
Persistent link: https://www.econbiz.de/10010370528