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We report an experimental test of alternative rules in innovation contests when success may not be feasible and contestants may learn from each other. Following Halac et al. (forthcoming), the contest designer can vary the prize allocation rule from Winner-Take-All in which the first successful...
Persistent link: https://www.econbiz.de/10012992465
cities to conduct a field experiment with roughly 350 donation appeals. We induce spatial differentiation by varying the …
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We describe a computerized experiment which can be used to introduce students to imperfect competition in courses on … thinking in general, the experiment serves to demonstrate that firm profits fall as the number of competitors is increased in a … market, and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy …
Persistent link: https://www.econbiz.de/10014068378
case they behave non-cooperatively. We illustrate the relevance of this hypothesis by means of an economic experiment in …
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In this paper, we use quantile regression analysis to explore the role submarket competition plays in setting housing prices in those price ranges where different submarkets occupy homes of similar price. We find evidence of direct competition between submarkets with different preferences for at...
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