Search Results - subject:"experiments."

Learning and Noisy Equilibrium Behavior in an Experimental Study of Imperfect Price Competition

Capra, C. Monica; Goeree, Jacob K.; Gomez, Rosario; … - University of Virginia, Department of Economics - 2000

This paper considers a duopoly price-choice game in which the unique Nash equilibrium is the Bertrand outcome. Price competition, however, is imperfect in the sense that the market share of the high-price firm is not zero. Economic intuition suggests that price levels should be positively...

Persistent link: https://www.econbiz.de/10005802008

A Model of Noisy Introspection

Goeree, Jacob K.; Holt, Charles A. - University of Virginia, Department of Economics - 2000

This paper presents a theoretical model of noisy introspection designed to explain behavior in games played only once. The equilibrium determines layers of beliefs about others' beliefs about ..., etc., but allows for surprises by relaxing the equilibrium requirement that belief distributions...

Persistent link: https://www.econbiz.de/10005802011

- UN ESTUDIO COMPARATIVO DEL ESTIMADOR DE MÍNIMOS CUADRADOS GENERALIZADOS PARA MODELOS DE PANEL

Casquel, Elena; Jiménez, Ezequiel Uriel - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2000

TSP for panel data models. In adittion, we analize Hausman test computed by these programs. Monte Carlo experiments are …

Persistent link: https://www.econbiz.de/10005731101

Ten Little Treasures of Game Theory and Ten Intuitive Contradictions

Goeree, Jacob K.; Holt, Charles A. - University of Virginia, Department of Economics - 2000

This paper reports laboratory data for a series of two-person games that are played only once. These games span the standard categories: static and dynamic games with complete and incomplete information. For each game, the treasure is a treatment for which behavior conforms quite nicely to the...

Persistent link: https://www.econbiz.de/10005750332

Rate-of-Return Dominance and Efficiency in an Experimental Economy.

Camera, G.; Noussair, C.; Tucker, S. - Krannert School of Management, Purdue University - 2000

One of the main challenges for monetary economics is to explain the use of assets that are dominated in rate-of-return as media of exchange. In this paper, we use experimental methods to study how a fiat money might come to be used in transactions when an identically marketable, dividend-bearing...

Persistent link: https://www.econbiz.de/10005835358

European Economic Association Congress 2000

Šmídková, Kateøina - In: Czech Journal of Economics and Finance (Finance a uver) 50 (2000) 10, pp. 562-563

outcomes of economic experiments. Czech economists participated in several seminars on economic growth, capital flows, monetary …

Persistent link: https://www.econbiz.de/10008549837

Culture, nationality and demographics in ultimatum games

Botelho, Anabela; Hirsch, Mark A.; Rutstrom, Elisabet E. - Núcleo de Investigação em Microeconomia Aplicada … - 2000

alternative hypotheses that may account for previously observed behavior in multinational experiments. One hypothesis postulates … that behavioral differences observed in bargaining experiments arise from country-specific cultural environments. We submit … the alternative hypothesis that different behavior in such experiments stems from differences in the demographic …

Persistent link: https://www.econbiz.de/10005146510

Evaluating Labour Market Interventions

O'Neill, Donal - Department of Economics, National University of Ireland - 2000

The high growth rates experienced in Ireland over the last 10 years has resulted in a tightening of the labour market which is reflected in the number of unfilled vacancies reported by firms. At the same time wage inequality has increased leading to greater demands being placed on the government...

Persistent link: https://www.econbiz.de/10005198257

Computer Automation of General-to-Specific Model Selection Procedures

Hendry, David; Krolzig, Hans-Martin - Department of Economics, Oxford University - 2000

diagnostic testing has eluded theoretical analysis, we study modelling strategies by simulation. The Monte Carlo experiments show …

Persistent link: https://www.econbiz.de/10010605180

The Right Choice at the Right Time: A Herding Experiment in Endogenous Time

Sgroi, Daniel - Department of Economics, Oxford University - 2000

This paper examines experimental evidence relating to herd behaviour in situations when subjects can learn from each other, and can delay their decision. Subjects acted rationally, gaining from observational learning, despite penalties for delay. Cascades were ubiquitous and reverse-cascades...

Persistent link: https://www.econbiz.de/10010605219