Showing 1 - 10 of 54,513
This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds … strong indications of such free-riding. Firstly, the subjects tend to wait for others to send a message when communication is … costly, which does not happen when communication is costless. Secondly, the proportion of games where no communication takes …
Persistent link: https://www.econbiz.de/10008548988
This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds … strong indications of such free-riding. Firstly, the subjects wait for others to send a message when communication is costly …, which does not happen when communication is costless. Secondly, the proportion of games where no communication or one …
Persistent link: https://www.econbiz.de/10010690512
equally in groups of optimal size and there is no communication. In this paper we investigate the impact of introducing … communication in groups that may or may not be linked to output sharing groups. Communication reduces shirking, increases aggregate … effort and reduces aggregate rents, but only when communication groups and output-sharing groups are linked. The effect is …
Persistent link: https://www.econbiz.de/10008642748
, communication possibilities increase coordination success substantially and are likely to generate inferior outcomes for consumers …This paper explores experimentally the effects of costly communication possibilities in market entry games. It is shown …. Furthermore, cost asymmetries provide a tacit coordination cue that is robust to changes in the game and is used by experienced …
Persistent link: https://www.econbiz.de/10005645111
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, all players expend significantly higher efforts than predicted...
Persistent link: https://www.econbiz.de/10010817442
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, all players expend significantly higher efforts than predicted...
Persistent link: https://www.econbiz.de/10011111607
This paper explores the effects of communication in market entry games experimentally. It is shown that communication … increases coordination success substantially and generate inferior outcomes for consumers when market entry costs are symmetric …. Such effects are not observed when costs are asymmetric, since asymmetries provide a tacit coordination cue used by …
Persistent link: https://www.econbiz.de/10014178729
The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of … messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is …
Persistent link: https://www.econbiz.de/10010418867
obligatory. We compare coordination failure with efficient rationing as well as with compulsory serving of demand, and … losses. Our experimental results show that (possible) coordination failure affects behavior through two channels: via … anticipating losses but decrease after experiencing losses. Coordination failures are more probable after subjects experienced a …
Persistent link: https://www.econbiz.de/10011976964
Costless and non-binding pre-play communication (cheap talk) has been found to often be effective in achieving … uncertainty in the framework of a 2x2 coordination game, in which one choice leads to the same payoff regardless of the action of … the other person's play. Cheap talk is found to be effective, as there is much more coordination in both Signal treatments …
Persistent link: https://www.econbiz.de/10014122582