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Imitation and Belief Learning in an Oligopoly Experiment
Offerman, Theo; Potters, Jan; Sonnemans, Joep - 1997
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the successful firm,following the exemplary firm, andbelief learning.Theoretically, these three rules of dynamic conduct lead to the competitive, the collusive, and the Cournot-Nash...
Persistent link: https://www.econbiz.de/10010324581
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Gift Exchange in a Multi-worker Firm
Maximiano, Sandra; Sloof, Randolph; Sonnemans, Joep - 2004
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment workers on average do not shirk and usually provide more than the minimum enforceable effort level. In general, 40 to 60 percent of the workers reward higher wages with higher...
Persistent link: https://www.econbiz.de/10010325208
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Promotions and incentives: the case of multi-stage elimination tournaments
Altmann, Steffen; Falk, Armin; Wibral, Matthias - 2008
of our laboratory experiment is a two-stage tournament in which equilibrium efforts are the same in both stages. We … compare this treatment to a strategically equivalent one-stage tournament and to another two-stage tournament with a more … predictions and compared to the equivalent one-stage tournament. The results for the more convex two-stage tournament show that …
Persistent link: https://www.econbiz.de/10010269362
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Self-selection and the efficiency of tournaments
Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie-Claire - 2006
. We show that when the subjects choose to enter a tournament, the average effort is higher and the between …
Persistent link: https://www.econbiz.de/10010267611
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Feedback and incentives: experimental evidence
Eriksson, Tor; Poulsen, Anders; Villeval, Marie-Claire - 2008
-takes-all tournament. We find that, regardless of the pay scheme used, feedback does not improve performance. There are no significant peer … effects in the piece-rate pay scheme. In contrast, in the tournament scheme we find some evidence of positive peer effects …
Persistent link: https://www.econbiz.de/10010268675
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Communication, cooperation and collusion in team tournaments: An experimental study
Sutter, Matthias; Strassmair, Christina - 2007
We study the effects of communication in an experimental tournament between teams. When teams, rather than individuals …
Persistent link: https://www.econbiz.de/10010293434
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Communication, cooperation and collusion in team tournaments - An experimental study
Sutter, Matthias; Strassmair, Christina - 2007
We study the effects of communication in an experimental tournament between teams. When teams, rather than individuals …
Persistent link: https://www.econbiz.de/10010427509
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Oligopoly as a socially embedded dilemma: An experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is (are)...
Persistent link: https://www.econbiz.de/10010281843
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Collusion in growing and shrinking markets: Empirical evidence from experimental duopolies
Abbink, Klaus; Brandts, Jordi - 2005
We study collusive behaviour in experimental duopolies that compete in prices under dynamic demand conditions. In one treatment the demand grows at a constant rate. In the other treatment the demand declines at another constant rate. The rates are chosen so that the evolution of the demand in...
Persistent link: https://www.econbiz.de/10010290541
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Patents versus subsidies: A laboratory experiment
Darai, Donja; Großer, Jens; Trhal, Nadja - 2009
This paper studies the effects of patents and subsidies on R&D investment decisions. The theoretical framework is a two-stage game consisting of an investment and a market stage. In equilibrium, both patents and subsidies induce the same amount of R&D investment, which is higher than the...
Persistent link: https://www.econbiz.de/10010315562