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Reputation and foreclosure with vertical integration : experimental evidence

Möllers, Claudia - 2016

Building on the seminal paper of Ordover, Saloner and Salop (1990), I study the role of reputation building on foreclosure in laboratory experiments. In one-shot interactions, upstream firms can choose to build a reputation by revealing their price history to the current upstream competitor. In...

Persistent link: https://www.econbiz.de/10011555141

Political motivations and electoral competition : equilibrium analysis and experimental evidence

Drouvelis, Michalis; Saporiti, Alejandro; Vriend, … - 2011

We study both theoretically and experimentally the complete set of Nash equilibria of a classical one-dimensional, majority rule election game with two candidates, who might be interested in power as well as in ideology, but not necessarily in the same way. Apart from obtaining the well known...

Persistent link: https://www.econbiz.de/10009271606

Bertrand-Edgeworth markets with increasing marginal costs and voluntary trading : experimental evidence

Jacobs, Martin; Requate, Tilman - 2016

Price competition with increasing marginal costs, though relevant for many markets, appears as an under-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as well as the demand rationing and matching schemes in...

Persistent link: https://www.econbiz.de/10011411148

Abbink, Klaus (contributor); Brandts, Jordi (contributor) - 2003 - [Elektronische Ressource], rev

Bertrand competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We first present results of experiments in which two, three and four identical firms repeatedly interact in this environment. Less collusion with more firms leads to lower average prices....

Persistent link: https://www.econbiz.de/10001835606

Voluntary Information Acquisition in an Asymmetric-Information Game : Comparing Learning Theories in the Laboratory

Wen, Yuanji - 2018

This paper uses an experimental design of voluntary information acquisition to assess the information assumptions of different learning models. The design is implemented in two-stage asymmetric-information games. Subjects' information-seeking behavior reveals that they tend to choose certain...

Persistent link: https://www.econbiz.de/10012938179

Trust, Reciprocity and Rules

Rietz, Thomas - 2017

Many economic interactions rely on trust, which is sometimes violated. The fallout from business fraud and other … malfeasance shows serious economic consequences of trust violations. Simple rules mandating minimum standards are attractive … because they prevent the most egregious trust violations. However, such rules may undermine more trusting and reciprocal …

Persistent link: https://www.econbiz.de/10012975782

Risk and Temptation : A Meta-Study on Social Dilemma Games

Mengel, Friederike - 2016

This paper reports the results of a meta-study of 89 prisoner's dilemma experiments comprising more than 3000 participants across 6 countries. We organize existing evidence and explain seemingly contradictory results in the existing literature by focusing on two dimensions of the dilemma:...

Persistent link: https://www.econbiz.de/10013005696

Political Motivations and Electoral Competition : Equilibrium Analysis and Experimental Evidence

Drouvelis, Michalis - 2018

We study both theoretically and experimentally the set of Nash equilibria of a classical one-dimensional election game with two candidates. These candidates are interested in power and ideology, but their weights on these two motives are not necessarily identical. Apart from obtaining the well...

Persistent link: https://www.econbiz.de/10012933425

Free Neighborhood Choice Boosts Socially Optimal Outcomes in Stag-Hunt Coordination Problem

Riedl, Arno; Rohde, Ingrid M. T.; Strobel, Martin - 2021

Situations where independent agents need to align their activities to achieve individually and socially beneficial outcomes are abundant, reaching from everyday situations like fixing a time for a meeting to global problems like climate change agreements. Often such situations can be described...

Persistent link: https://www.econbiz.de/10013232410

Free Neighborhood Choice Boosts Socially Optimal Outcomes in Stag-Hunt Coordination Problem

Riedl, Arno; Rohde, Ingrid M.T; Strobel, Martin - 2021

Persistent link: https://www.econbiz.de/10013234109