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In this paper we present the results of an experiment aimed at testing the ability of consumers to coordinate actions in a market in which network externalities are present. Such markets are characterized by the necessity for consumers to believe that a certain minimum number of people will buy...
Persistent link: https://www.econbiz.de/10013204718
We examine a technology adoption game with network effects in which coordination on technology A and technology B … constitute a Nash equilibrium. Coordination on technology B is assumed to be payoff-dominant. We define a technology's critical …
Persistent link: https://www.econbiz.de/10010306874
We examine a technology adoption game with network effects in which coordination on technology A and technology B … constitute a Nash equilibrium. Coordination on technology B is assumed to be payoff-dominant. We define a technology's critical …
Persistent link: https://www.econbiz.de/10009353465
We examine a technology-adoption game with network effects in which coordination on either technology A or technology B … constitutes a Nash equilibrium. Coordination on technology B is assumed to be payoff dominant. We define a technology’s critical …
Persistent link: https://www.econbiz.de/10010595119
We report the results of a combination of a dictator experiment with either a "social planner" or a "veil of ignorance" experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion paper by Becker, Häger, and Heufer (BHH,...
Persistent link: https://www.econbiz.de/10010370990
We report the results of a combination of a dictator experiment with either a “social planner” or a “veil of ignorance” experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion paper by Becker, Häger, and Heufer...
Persistent link: https://www.econbiz.de/10010192931
bundled with a coordination mechanism for its consumers, its value is endogenously determined due to a consumption externality …
Persistent link: https://www.econbiz.de/10011077027
We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....
Persistent link: https://www.econbiz.de/10011333274
This paper tests the hypothesis that a (partial) reason why cartels - collective but costly and non-binding price agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are willing to form price agreements are more likely to be less...
Persistent link: https://www.econbiz.de/10012547790
We report the results of a combination of a dictator experiment with either a 'social planner' or a 'veil of ignorance' experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion paper by Becker, Häger, and Heufer (BHH,...
Persistent link: https://www.econbiz.de/10010331342