We study experimentally the outcome of a 50 periods repetition of a two-player coordination game, which admits two-pure strategy Nash equilibria that are Pareto-ranked: a payoff-dominant equilibrium and a risk-dominant equilibrium. The experiment consists of a 2x3 factorial design, with two...

This paper reports two laboratory studies designed to study the impact of public information about past departure rates on congestion levels and travel costs. Our experimental design is based on a discrete version of Arnott, de Palma, and Lindsey’s (1990) bottleneck model where subjects have...

This paper investigates market failures due to strategic delays. We test experimentally a discrete model of dynamic investment, where two privately informed agents have an option to invest at the time of their choice in the presence of waiting costs. The equilibrium outcome of our experimental...

This paper reports two laboratory studies designed to study the impact of public informationabout past departure rates on congestion levels and travel costs. Our experimental design isbased on a discrete version of Arnott, de Palma, and Lindsey’s (1990) bottleneck model wheresubjects have to...

This paper reports two laboratory studies designed to study the impact of public information about past departure rates on congestion levels and travel costs. Our experimental design is based on a discrete version of Arnott, de Palma, and Lindsey’s (1990) bottleneck model where subjects have...