The Stackelberg duopoly is a fundamental model of sequential output competition. The equilibrium outcome of the model results in a first-mover advantage where the first-moving firm produces more output, and earns larger profits, relative to the second-moving firm. Huck, Müller, and Normann...

We exploit a sharp change in the likelihood that an individual is covered by health insurance when he/she turns 19 years of age to study how health insurance affects reported health status. We find that an individual is 6 percentage points less likely to have health insurance when he/she turns...

Strategic settings are often complex and agents who lack deep reasoning ability may initially fail to make optimal decisions. This paper experimentally investigates how the decision making quality of an agent's opponent impacts learning-by-doing (LBD) and learning-by-observing (LBO) in a...