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In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The … the example of a Cournot duopoly with asymmetric cost, we investigate experimentally how players cooperate (collude … implicitly and explicitly), if at all, in such games. We find that, without communication, players fail to cooperate and …
Persistent link: https://www.econbiz.de/10011802796
In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The … the example of a Cournot duopoly with asymmetric cost, we investigate experimentally how players cooperate (collude … implicitly and explicitly), if at all, in such games. In our treatments without communication, players fail to cooperate and …
Persistent link: https://www.econbiz.de/10011929323
on firms' price setting behavior in a 2x2 factorial design experiment with and without communication and under present … which correlate with market outcomes and communication's effectiveness. The results have implications for antitrust policy …
Persistent link: https://www.econbiz.de/10011892961
in groups of three, bargaining over the distribution of payments which occur at regular time intervals. During a given … purposefully impose little structure on the bargaining process. We investigate the frequency and stability of different types of …
Persistent link: https://www.econbiz.de/10010484831
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10011397676
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior.
Persistent link: https://www.econbiz.de/10010440439
This paper reports on a two-task principal-agent experiment in which only one task is contractible. The principal can either offer a piece-rate contract or a (voluntary) bonus to the agent. Bonus contracts strongly outperform piece rate contracts. Many principals reward high efforts on both...
Persistent link: https://www.econbiz.de/10010440447
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10010440965
Persistent link: https://www.econbiz.de/10010371081
cooperation. We deploy our framework in one-shot public goods experiments in the US and the UK, and in Morocco and Turkey. We find …
Persistent link: https://www.econbiz.de/10012549763