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Competitive Burnout: Theory and Experimental Evidence.

Amegashie, J. Atsu; Cadsby, C. Bram; Song, Yang - Department of Economics and Finance, College of … - 2005

We examine equilibrium selection in a two-stage sequential elimination contest in which contestants compete for a single prize. This game has a continuum of equilibria, only one of which satisfies the Coalition-Proof Nash Equilibrium (CPNE) refinement. That equilibrium involves “burning out”...

Persistent link: https://www.econbiz.de/10005545267

Moving to Opportunity in Boston: Early Results of a Randomized Mobility Experiment

Katz, Lawrence; Liebman, B. Jeffrey - Industrial Relations Section, Department of Economics - 2000

Persistent link: https://www.econbiz.de/10005548319

No-Trade in the Laboratory

Angrisani, Marco; Guarino, Antonio; Huck, Steffen; … - CESifo - 2008

We test the no-trade theorem in a laboratory financial market where subjects can trade an asset whose value is unknown …

Persistent link: https://www.econbiz.de/10005406359

Simulations, theory, and experiments. Notes from an Historical Perspective

Novarese, Marco - EconWPA - 2004

This paper aims at presenting the methodological approach to simulations, proposed at the beginning of the sixties by a group of scholars of the Carnegie Mellon University. This approach can be defined cognitive and behavioural, because of the attention to real perception and decision-making and...

Persistent link: https://www.econbiz.de/10005412552

Aggregation and dissemination of information in experimental asset markets in the presence of a manipulator

Veiga, Helena; Vorsatz, Marc - Departamento de Estadistica, Universidad Carlos III de … - 2008

We study with the help of a laboratory experiment the conditions under which an uninformed manipulator - a robot trader …

Persistent link: https://www.econbiz.de/10005417109

Procurement and Information Feedback

Dufwenberg, Martin; Gneezy, Uri - Nationalekonomiska institutionen, Stockholms Universitet - 1999

experiment in which firms participate in a first price sealed-bid auction. Interaction takes place in 10 periods according to a …

Persistent link: https://www.econbiz.de/10005419579

Fines, Leniency, Rewards and Organized Crime: Evidence from Antitrust Experiments

Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloe; … - Economics Institute for Research (SIR), … - 2008

schemes can only be observed experimentally. This paper reports results from an experiment designed to examine the effects of … enforcement, since in our experiment they do deter a significantly higher fraction of cartels from forming, but they also induce …

Persistent link: https://www.econbiz.de/10005423804

An Experimental Test of Rubinstein's Theory of Bargaining

Neelin, Janet; Sonnenschein, Hugo; Spiegel, Matthew - Industrial Relations Section, Department of Economics - 1986

Persistent link: https://www.econbiz.de/10005738522

Herding and Contrarian Behavior in Financial Markets - An Internet Experiment

Drehmann, Mathias; Oechssler, Jörg; Roider, Andreas - Volkswirtschaftliche Fakultät, … - 2004

Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004We report results of an internet experiment … designed to test the theory of informational cascades in financial markets (Avery and Zemsky, AER, 1998). More than 6400 … subjects, including a subsample of 267 consultants from an international consulting firm, participated in the experiment. As …

Persistent link: https://www.econbiz.de/10005739671

Costly Buyer Search in Laboratory Markets with Seller Advertising

Cason, Timothy N.; Datta, Shakun - Krannert School of Management, Purdue University - 2008

In this laboratory experiment sellers simultaneously post prices and choose whether to advertise. Buyers then decide …

Persistent link: https://www.econbiz.de/10005739781