Weimann, Joachim; Yang, Chun-Lei; Vogt, Carsten - 2001
In an experiment on sequential rent seeking, we find that the theoretically predicted first-mover advantage does not … in experiment, individual behavior is highly reasonable nevertheless, such that subjects appear to play a reduced form of …. Keyword(s): Rent-seeking, Experiment, Reciprocity, Fairness, Exploitation …