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dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10005137046
-making experiment preceding the take game. The game consists of two stages. In the first stage, the take authority decides how much …
Persistent link: https://www.econbiz.de/10005137100
We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation between emotions and bidding behavior in a second...
Persistent link: https://www.econbiz.de/10005137109
(MUA) model. We find that pivotal suppliers do indeed exercise their market power in the experiments. We also find that …
Persistent link: https://www.econbiz.de/10008838542
An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on …
Persistent link: https://www.econbiz.de/10005137065
Recent theoretical work shows that folk theorems can be developed for infinite overlapping generations games. Cooperation in such games can be sustained as a Nash equilibrium. Besides the efficient cooperative equilibrium there is also the inefficient non-cooperative equilibrium. This paper...
Persistent link: https://www.econbiz.de/10005144485
decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …
Persistent link: https://www.econbiz.de/10008513239
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10005136872
is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is … increasing in quality and the quality of each firm’s product is private information (not known to consumers or to other firms … close to full information monopoly level) while others are more “competitive”. Under certain conditions, if the number of …
Persistent link: https://www.econbiz.de/10005137397
oligopoly and present a new maximum likelihood method to estimate search costs. We apply our method to a data set of online …
Persistent link: https://www.econbiz.de/10005144542