Showing 71 - 80 of 243
Persistent link: https://www.econbiz.de/10010878523
We study the Lagos and Wright (2005) model of monetary exchange in the laboratory. With a finite population of sufficiently patient agents, this model has a unique monetary equilibrium and a continuum of non-monetary gift exchange equilibria, some of which Pareto dominate the monetary...
Persistent link: https://www.econbiz.de/10010878524
. . .
Persistent link: https://www.econbiz.de/10010878525
We study a 2-player Blotto game where the n items have asymmetric values. The winner of each item is determined stochastically using a lottery mechanism. We analyze two payoff objectives: (i) players maximize their total expected payoffs and (ii) players maximize their probability of winning a...
Persistent link: https://www.econbiz.de/10010878526
This paper investigates behavior in finitely repeated simultaneous and sequential-move prisoner's dilemma games when there is one-sided incomplete information and signaling about players' concerns for fairness, specifically, their preferences regarding "inequity aversion." In this environment,...
Persistent link: https://www.econbiz.de/10010878527
Persistent link: https://www.econbiz.de/10010878528
Persistent link: https://www.econbiz.de/10010878529
Persistent link: https://www.econbiz.de/10010878530
I develop a novel model of group-based deliberation in which communication is costly in two directions: agents must pay separate costs to send and to receive messages. Equilibrium strategies have an intuitive characterization - those with the best information send, those with the worst...
Persistent link: https://www.econbiz.de/10010878532
We study the performance of two-sided matching clearinghouses in the laboratory. Our experimental design mimics the Gale-Shapley (1962) mechanism, utilized to match hospitals and interns, schools and pupils, etc., with an array of preference profiles. Several insights come out of our analysis....
Persistent link: https://www.econbiz.de/10010878533