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As a stress test of experimenter demand effects, we run an experiment where subjects can physically destroy coupons awarded to them. About one subject out of three does. Giving money back to the experimenter is possible in a separate task but is more consistent with an experimenter demand effect...
Persistent link: https://www.econbiz.de/10010890960
Abundant evidence suggests that high levels of contributions to public goods can be sustained through self-governed monitoring and sanctions. This experimental study investigates the effectiveness of decentralized sanctioning institutions in alternative punishment networks. Our results show that...
Persistent link: https://www.econbiz.de/10010890961
We investigate the effects of Partner and Stranger matching in contest experiments and find no difference in the level or distribution of bids across matching protocols. However, demographic and individual strategy effects are different with different matching. Hence, unless one is interested in...
Persistent link: https://www.econbiz.de/10010890965
An important branch of economic research on emotions has used power-to-take game experiments to study the impact of negative emotions, such as anger, irritation and contempt, on the decision to punish. We investigate experimentally to what extent the findings of this literature are driven by the...
Persistent link: https://www.econbiz.de/10010890971
Using a network approach we provide a characterization of a separating equilibrium for standard signaling games where the senders payoff function is quasi-linear. Given a strategy of the sender, we construct a network where the node set and the length between two nodes are the set of the senders...
Persistent link: https://www.econbiz.de/10010890982
We illustrate an equivalence between the class of two-person symmetric games and the class of decision problems with a complete preference relation. Moreover, we show that a strategy is an optimal threat strategy Nash, 1953 in a two-person symmetric game if and only if it is a maximal element in...
Persistent link: https://www.econbiz.de/10010890985
This paper studies collusion in one-shot auctions, where a buyer can bribe his competitors into lowering their bids. We modify the single-unit Vickrey auction to incite deviations from the designated-winner scenario and thus undermine collusion. The construction of mechanism does not require the...
Persistent link: https://www.econbiz.de/10010891239
En este trabajo se muestran condiciones para la unicidad del equilibrio de Nash-Cournot para un juego de n-firmas. Estas condiciones garantizan que las funciones de mejor respuesta para n-firmas que compiten en forma oligopolica a la Cournot sean contracciones y generalizan las condiciones de...
Persistent link: https://www.econbiz.de/10010892063
We propose a data-constrained generalized maximum entropy estimator for discrete sequential move games of perfect information. Unlike most other work on the estimation of complete information games, the method we proposed is data constrained and requires o simulation or assumptions about the...
Persistent link: https://www.econbiz.de/10010892088
We report results from an experiment in which humans repeatedly play one of two games against a computer program that follows either a reinforcement or an experience weighted attraction learning algorithm. Our experiment shows these learning algorithms detect exploitable opportunities more...
Persistent link: https://www.econbiz.de/10010892098