Showing 1 - 10 of 220
We propose a historical perspective on replication in experimental economics focused on public good games. Our intended contribution is twofold: in terms of method and in terms of object. Methodologically, we blend traditional qualitative history of economics with a less traditional quantitative...
Persistent link: https://www.econbiz.de/10012953700
Biased responses in survey studies could seriously harm and mislead our economic decision-making. To mitigate survey response bias, we suggest an alternative way of combining two existing strategies, cheap talk and the Bayesian Truth Serum (BTS). In our three proof-of-concept experiments, we...
Persistent link: https://www.econbiz.de/10014343660
We experimentally investigated the effects of the possibility of taking in the dictator game and the choices of passive players between the dictator game and the taking game on the distribution decisions of active players. Our main findings support our hypothesis: when the dictator game is not...
Persistent link: https://www.econbiz.de/10014418152
In experiments with two-person sequential games we analyze whether responses to favorable and unfavorable actions depend on the elicitation procedure. In our 'hot' treatment the second player responds to the first player's observed action while in our 'cold' treatment we follow the 'strategy...
Persistent link: https://www.econbiz.de/10014208299
Agents compete to acquire a limited economic opportunity of uncertain pro…tability.Each agent decides how much he acquires public signals before making investmentunder fear of preemption. I show that equilibria have various levels of e¢ ciency undermild competition. The e¤ect of competition...
Persistent link: https://www.econbiz.de/10009248916
We consider an in nitely repeated reappointment game in a principal- agent relationship. Typical examples are voter-politician or government- public servant relationships. The agent chooses costly effort and enjoys being in office until he is deselected. The principal observes a noisy signal of...
Persistent link: https://www.econbiz.de/10010221102
We consider an infinitely repeated reappointment game in a principal-agent relationship. Typical examples are voter-politician or government-public servant relationships. The agent chooses costly effort and enjoys being in office until he is deselected. The principal observes a noisy signal of...
Persistent link: https://www.econbiz.de/10014152779
We use a limited information environment to mimic the state of confusion in an experimental, repeated public goods game. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games. However, closer inspection shows that individual decay...
Persistent link: https://www.econbiz.de/10010294798
The hypothesis that vertically integrated firms have an incentive to foreclose the input market because foreclosure raises its downstream rivals' costs is the subject of much controversy in the theoretical industrial organization literature. A powerful argument against this hypothesis is that,...
Persistent link: https://www.econbiz.de/10010302573
This paper investigates whether transactions where the buyer (or the seller) always moves first, andthe seller (or the buyer) always moves second in the exchange gives higher payoffs than exchangesin which it is randomly determined who moves first. We examine the effect of two...
Persistent link: https://www.econbiz.de/10010324922