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This paper reports results from a laboratory experiment studying the role of asymmetries, both in payoffs and 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...
Persistent link: https://www.econbiz.de/10010532580
established experiments allow us to measure and distinguish between different aspects of social and cooperative motivation. We …
Persistent link: https://www.econbiz.de/10011413150
established experiments allow us to measure and distinguish between different aspects of social and cooperative motivation. We …
Persistent link: https://www.econbiz.de/10011410034
By providing incentives for sellers to act in a trustworthy manner, reputation mechanisms in many online environments …
Persistent link: https://www.econbiz.de/10014212262
Persistent link: https://www.econbiz.de/10010249042
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011530053
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011697162
make a voluntary payment, a bonus, after observing advice quality. While the combination of competition and reputation …. Thus, our results suggest that a voluntary component can act as a substitute for either competition or reputation …
Persistent link: https://www.econbiz.de/10011881706
foreclosure in laboratory experiments. In one-shot interactions, upstream firms can choose to build a reputation by revealing …Building on the seminal paper of Ordover, Saloner and Salop (1990), I study the role of reputation building on … their price history to the current upstream competitor. In particular, integrated firms can establish a reputation to …
Persistent link: https://www.econbiz.de/10011555141
Holmström?s (1982/99) career concerns model has become an important workhorse for the analysis of agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way – which may or may not reasonably approximate real-life decision makers?...
Persistent link: https://www.econbiz.de/10010262147