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Macht spielt eine zentrale Rolle in Interaktionen mit Interessenkonflikten. Diese Arbeit studiert experimentell die … Bedeutung von Prozeduren, durch die Macht zugeteilt wird. Im Besonderen werden die Verhaltenseffekte von Wahlprozeduren und ihre … bevorteilt sind, entweder durch kompetitive, strategische oder allokative Macht, verdienen im Durchschnitt mehr als ihre …
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We analyze the use of information in a repeated oligopolistic insurance market. To sustain collusion, insurance companies might refrain from changing their pricing schedules even if new information about risks becomes available. We therefore provide an explanation for the existence of "unused...
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This paper studies a repeated play of a family of games by resource-constrained players. To economize on reasoning resources, the family of games is partitioned into subsets of games which players do not distinguish. An example is constructed to show that when games are played a finite number of...
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In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...
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