We study experimentally the nature of dominance violations in three minimalist dominancesolvable guessing games. We examine how subjects’ reported reasoning processes translate into their stated choices and beliefs about others’ choices, and how both reasoning processes and choices relate to...

In this paper Coase's Conjecture is analyzed in a finite-horizon formulation. In addition to utility discounting models decreasing-willingness-to-pay models are analyzed. We find that in contrast to Coase's Conjecture a monopolist may extract full monopoly profit in the finite-horizon problem...

We study the nature of dominance violations in three minimalist dominance-solvable guessing games, featuring two or three players choosing among two or three strategies. We examine how subjects' reported reasoning translates into their choices and beliefs about others' choices, and how reasoning...

We study experimentally the nature of dominance violations in three minimalist dominance-solvable guessing games. Only about a third of our subjects report reasoning consistent with dominance; they all make dominant choices and almost all expect others to do so. Nearly two-third of our subjects...

We study how the strength of public intellectual property rights (IPR) protection against software piracy (copyright protection) affects private IPR protection (that software developers may themselves undertake to protect their IPR). There are two software developers that offer a product variety...

The theory of strategic trade policy posted a challenge to the prevailing concept of free trade. The key claim of the theory is that a significant share of international trade takes place in an imperfectly competitive environment that, in turn, requires oligopoly theory as an underlying concept....

This volume is a collection of articles reprinted from top refereed journals and contains the most influential scholarly papers published by CERGE-EI faculty over the past 20 years. An introduction is by Lubomír Lízal, Associate Professor with Tenure at CERGE-EI and member of the Board of the...