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Technology adoption in markets with network effects: Theory and experimental evidence

Keser, Claudia; Suleymanova, Irina; Wey, Christian - In: Information Economics and Policy 24 (2012) 3, pp. 262-276

We examine a technology-adoption game with network effects in which coordination on either technology A or technology B … constitutes a Nash equilibrium. Coordination on technology B is assumed to be payoff dominant. We define a technology’s critical …

Persistent link: https://www.econbiz.de/10010595119

The role of critical mass in establishing a successful network market : an experimental investigation

Ruffle, Bradley J.; Weiss, Avi; Etziony, Amir - In: Journal of behavioral and experimental economics 58 (2015), pp. 101-110

Persistent link: https://www.econbiz.de/10011566195

Learning tastes through social interaction

Hsiaw, Alice - In: Journal of Economic Behavior & Organization 107 (2014) PA, pp. 64-85

bundled with a coordination mechanism for its consumers, its value is endogenously determined due to a consumption externality …

Persistent link: https://www.econbiz.de/10011077027

Lifecycle consumption plans, social learning and external habits: Experimental evidence

Carbone, Enrica; Duffy, John - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 413-427

We report results from a laboratory experiment exploring the extent to which individuals can solve a deterministic, intertemporal lifecycle consumption optimization problem and the effect of revealing social information on past average consumption amounts; as all individuals have identical...

Persistent link: https://www.econbiz.de/10010930942

Nonparametric comparative revealed risk aversion

Heufer, Jan - In: Journal of Economic Theory 153 (2014) C, pp. 569-616

We introduce a nonparametric method to compare risk aversion of different investors based on revealed preference methods. Using Yaari's (1969) [50] definition of “more risk averse than”, we show that it is sufficient to compare the revealed preference relations of two investors. This makes...

Persistent link: https://www.econbiz.de/10011042977

Is a firm a firm? A Stackelberg experiment

Hildenbrand, Andreas - In: Economics - The Open-Access, Open-Assessment E-Journal 7 (2013), pp. 1-26

Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly theory. Experimental industrial organization, therefore, faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals...

Persistent link: https://www.econbiz.de/10010954757

Coordination and Information in Critical Mass Games: An Experimental Study

Devetag, Giovanna - In: Experimental Economics 6 (2003) 1, pp. 53-73

We present experimental results on a repeated coordination game with Pareto-ranked equilibria in which a payoff from … remaining treatments. The paths of play in some groups reveal a tacit dynamic coordination by which groups converge to the … are higher, ceteris paribus, when increasing returns are present. Finally, successful coordination seems to crucially …

Persistent link: https://www.econbiz.de/10005711736

Overcoming coordination failure in a critical mass game : strategic motives and action disclosure

Masiliūnas, Aidas - In: Journal of economic behavior & organization : JEBO 139 (2017), pp. 214-251

Persistent link: https://www.econbiz.de/10011852849

Which patients do I treat? : an experimental study with economists and physicians

Ahlert, Marlies; Felder, Stefan; Vogt, Bodo - In: Health economics review 2 (2012) 1, pp. 1-11

This experiment investigates decisions made by prospective economists and physicians in an allocation problem which can be framed either medically or neutrally. The potential recipients differ with respect to their minimum needs as well as to how much they benefit from a treatment. We classify...

Persistent link: https://www.econbiz.de/10009531668

Optimal strategy of multi-product retailers with relative thinking and reference prices

Azar, Ofer H. - In: International Journal of Industrial Organization 37 (2014) C, pp. 130-140

Experimental evidence suggests that consumers are affected by reference prices and by relative price differences (“relative thinking”). A linear-city model of two retailers that sell two goods suggests how this consumer behavior affects firm strategy and market outcomes. A simple model...

Persistent link: https://www.econbiz.de/10011117299