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We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The game-theoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...
Persistent link: https://www.econbiz.de/10005760915
We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...
Persistent link: https://www.econbiz.de/10005761658
In experimental studies pairs that repeatedly play the simple coordination game mutual fate control may regularly fail …
Persistent link: https://www.econbiz.de/10005550889
where we remove coordination and free-riding incentives by having group members reach a unanimous group decision on how much …This paper examines whether and how communication can help groups solve coordination and free-rider problems when they …
Persistent link: https://www.econbiz.de/10008528456
-k). Choices implied by different concepts are mapped into Pure Coordination Games: open (Mehta et al. 1994) and closed (Bardsley …
Persistent link: https://www.econbiz.de/10010571489
production as a coordination game with Pareto-ranked equilibria. We initially create an efficient group and an inefficient one … restrictions in different ways to help understand why the institutions are effective in maintaining coordination. We find that both … restrictions work to maintain efficient coordination but they are effective for different reasons. …
Persistent link: https://www.econbiz.de/10009358878
Schott et al. (2007) have shown that the “tragedy of the commons” can be overcome when individuals share their output equally in groups of optimal size and there is no communication. The assignment of individuals to groups as either strangers or partners does not significantly affect this...
Persistent link: https://www.econbiz.de/10008625834
Schott et al. (2007) have shown that the “tragedy of the commons” can be overcome when individuals share their output equally in groups of optimal size and there is no communication. In this paper we investigate the impact of introducing communication groups that may or may not be linked to...
Persistent link: https://www.econbiz.de/10008642483
Schott et al. (2007) have shown that the “tragedy of the commons” can be overcome when individuals share their output equally in groups of optimal size and there is no communication. In this paper we investigate the impact of introducing communication in groups that may or may not be linked...
Persistent link: https://www.econbiz.de/10008642748
Numerous papers show how game theory can improve our understanding of literature. There is no paper, however, using experimental economics to arrive at a new understanding of a play. We fill this gap by using experimental evidence to compare the last two versions of Molière's Tartuffe. In the...
Persistent link: https://www.econbiz.de/10010636229