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Behavior in Group Contests : A Review of Experimental Research
Sheremeta, Roman M. - 2015
incentive to abstain from expending any effort and instead free-ride on the efforts of other members. Contest theory shows that … relative to the theory. We discuss potential explanations for such over-expenditure, including the utility of winning, bounded … support for the comparative statics predictions of the theory (with the exception of the “group size paradox”). Finally …
Persistent link: https://www.econbiz.de/10013013877
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Disruptive Evolution : Harnessing Functional Excess, Experimentation, and Science as Tool
Felin, Teppo; Kauffman, Stuart - 2023
We explore the limitations of the adaptationist view of evolution and propose an alternative. While gradual adaptation can explain some biological and economic diversity, it cannot account for radical innovation (especially during the past 10,000 years). We argue that ubiquitously available but...
Persistent link: https://www.econbiz.de/10014259978
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Let's lock them in : collusion under consumer switching costs
Fourberg, Niklas - 2018
Consumer switching costs cause the market demand of consumers who already bought a supplier's product to be less elastic while they simultaneously increase competition for new consumers. I study the effect of this twofold pricing incentive on firms' price setting behavior in a 2x2 factorial...
Persistent link: https://www.econbiz.de/10011892961
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Strategic intelligence : the cognitive capability to anticipate competitor behavior
Levine, Sheen S.; Bernard, Mark; Nagel, Rosemarie - In: Strategic management journal 38 (2017) 12, pp. 2390-2423
Persistent link: https://www.econbiz.de/10011808121
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A behavioral account of the labor market : the role of fairness concerns
Fehr, Ernst (contributor); Götte, Lorenz (contributor);  … - 2008
among a substantial share of the population into account. Theory shows and experiments confirm, that even if fairness …
Persistent link: https://www.econbiz.de/10003793473
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A survey of experimental research on contests, all-pay auctions and tournaments
Dechenaux, Emmanuel; Kovenock, Daniel J.; Sheremeta, … - 2012
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rankorder tournaments. This survey...
Persistent link: https://www.econbiz.de/10009687977
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A Survey of Experimental Research on Contests, All-Pay Auctions and Tournaments
Dechenaux, Emmanuel - 2012
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rank-order tournaments. This survey...
Persistent link: https://www.econbiz.de/10013100140
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Experimental Research on Contests
Sheremeta, Roman M. - 2018
contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are …
Persistent link: https://www.econbiz.de/10012910152
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A Behavioral Account of the Labor Market : The Role of Fairness Concerns
Fehr, Ernst - 2008
among a substantial share of the population into account. Theory shows and experiments confirm, that even if fairness …
Persistent link: https://www.econbiz.de/10012768171
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Voluntary Self-Sustaining Reciprocity
Fabisiak, Alex - 2019
In our model, self-interested agents prefer to buy from local neighbors rather than from cheaper outside vendors even in the absence of memory and coordination mechanisms. All they know is who is a local neighbor. Buyers voluntarily pay rents because they internalize that their neighbors will be...
Persistent link: https://www.econbiz.de/10012861833