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We experimentally implement a dynamic public-good problem, where the public good in question is the dynamically evolving information about agents' common state of the world. Subjects' behavior is consistent with free-riding because of strategic concerns. We also find that subjects adopt more...
Persistent link: https://www.econbiz.de/10012598548
We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends on both their current effort level and the project's uncertain prospects. In this environment, each member can encourage the others by making them more optimistic about the...
Persistent link: https://www.econbiz.de/10012308721
Social learning often occurs between groups with different levels of experience. Yet little is known about the ideal … novices learning from experienced, a particular form of probabilistic imitation is selected. Novices should imitate any …
Persistent link: https://www.econbiz.de/10013368210
up learning but postponing capitalizes on the option value of waiting. We contrast the social optimum to the …
Persistent link: https://www.econbiz.de/10015332590
In this paper we study Markov-perfect equilibria (MPE) of two-player multimode differential games with controlled state dynamics, where one player controls the transition between modes. Different types of MPE are characterized distinguishing between delay equilbria, inducing for some initial...
Persistent link: https://www.econbiz.de/10012793328
In the digital service supply chain, digital service providers undertake the marketing platform development programs with satisfying digital service quality (DSQ) to help traditional retail enterprises (TREs) achieve digital technologies and merchandizing innovation. To illustrate the influence...
Persistent link: https://www.econbiz.de/10015433223
I study a repeated game in which a patient player wants to win the trust of some myopic opponents but can strictly benefit from betraying them. His benefit from betrayal is strictly positive and is his persistent private information. I characterize every type of patient player's highest...
Persistent link: https://www.econbiz.de/10012587361
We study a communication game between an informed sender and an uninformed receiver with repeated interactions and voluntary transfers. Transfers motivate the receiver's decision‐making and signal the sender's information. Although full separation can always be supported in equilibrium,...
Persistent link: https://www.econbiz.de/10012806596
We study dynamic signaling in a game of stochastic stakes. Each period, a privately informed agent of binary type chooses whether to continue receiving a return that is an increasing function of both her reputation and an exogenous public stakes variable or to irreversibly exit the game. A...
Persistent link: https://www.econbiz.de/10013273761
In the digital economy age, carbon emission reduction is perhaps the most crucial contribution affecting national activities and international negotiations. In a potential carbon reduction conflict, a rational participant expects to select a suitable strategic opinion to reach another state with...
Persistent link: https://www.econbiz.de/10014581332