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This paper investigates how the possibility of affecting group composition combined with the possibility of repeated interaction impacts cooperation within groups and surplus distribution. We developed and tested experimentally a Surplus Allocation Game where cooperation of four agents is needed...
Persistent link: https://www.econbiz.de/10012493275
prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … introduces the main elements of the duality theory (DT) in economics. Next, it proposes the context of IUFs as a suitable … experiment using a series of relevant statistical tests. This study uses the multiple price list (MPL) method, which has been one …
Persistent link: https://www.econbiz.de/10013368182
multistage experiment where subjects face different sources of ambiguity and where we are able to control for self …
Persistent link: https://www.econbiz.de/10012015585
The St. Petersburg paradox is one of the oldest challenges of expected value theory. Thus far, explanations of the …
Persistent link: https://www.econbiz.de/10012029167
We provide a simple sufficient condition for the existence of a recursive upper bound on (the Pareto frontier of) the sequential equilibrium payoff set at a fixed discount factor in two-player repeated games with imperfect private monitoring. The bounding set is the sequential equilibrium payoff...
Persistent link: https://www.econbiz.de/10011705112
Persistent link: https://www.econbiz.de/10008732313
This experiment investigates decisions made by prospective economists and physicians in an allocation problem which can …
Persistent link: https://www.econbiz.de/10009531668
aggression. In this lab experiment, we find that adopting an objective attitude (objective), through a form of emotion regulation …
Persistent link: https://www.econbiz.de/10011621328
substitutes. The theoretical basis for our experiment is the model of Bramoullé and Kranton (2007). As predicted, we find that …
Persistent link: https://www.econbiz.de/10011049842
Persistent link: https://www.econbiz.de/10001576194