Showing 1 - 10 of 332
A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the … identical actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility …
Persistent link: https://www.econbiz.de/10005196312
We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous … experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to …. In alaboratory experiment we test the different theories by systematically varying informationconditions. We find that …
Persistent link: https://www.econbiz.de/10005196313
In this paper we test the AK model of growth with laboratory experiments. In each period, agents produce and trade …
Persistent link: https://www.econbiz.de/10009651181
Extending the die rolling experiment of Fischbacher and Föllmi-Heusi (2013), we compare gender effects with respect to …
Persistent link: https://www.econbiz.de/10010948842
We study experimentally the protection of property in five widely distinct countries— Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10010595381
This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...
Persistent link: https://www.econbiz.de/10011082835
In some important multi-player situations, such as efforts to supply a global public good, players can choose the game they want to play. In this paper we conduct an experimental test of the decision to choose between a “tipping” game, in which every player wants to contribute to the public...
Persistent link: https://www.econbiz.de/10011210784
environments, we use a laboratory experiment in which we form groups and assign leadership roles at random. We study an environment … behavior. Moreover, appointing leaders who are likely to have acted dishonestly in a preliminary stage of the experiment yields …
Persistent link: https://www.econbiz.de/10010812487
We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group’s size yields potential efficiency gains, but only...
Persistent link: https://www.econbiz.de/10010877699
efficient outcomes, provided they have sufficient freedom to choose their interaction neighborhood. We conduct experiments with …
Persistent link: https://www.econbiz.de/10009395307