Showing 1 - 10 of 10
We report an experiment in which subjects may learn from each other. Specifically, a “queue” of players who are identically informed ex ante make decisions in sequence over two lotteries. Every player except the first in the queue observes (only) his immediate predecessor’s choice and...
Persistent link: https://www.econbiz.de/10010988993
We focus on a class of market entry games in which a newly emergent market opportunity may be fruitfully exploited by no more than a commonly known, exogenously determined number of firms. Our results show significant effects of the parameters manipulated in the study, namely, the market...
Persistent link: https://www.econbiz.de/10005711626
We use a human-subjects experiment to investigate how bargaining outcomes are affected by changes in bargainers’ disagreement payoffs. Subjects bargain against changing opponents, with randomly drawn asymmetric disagreement outcomes that vary over plays of the game, and with complete...
Persistent link: https://www.econbiz.de/10010866247
The nonparametric Wilcoxon–Mann–Whitney test is commonly used by experimental economists for detecting differences in central tendency between two samples. This test is only theoretically appropriate under certain assumptions concerning the population distributions from which the...
Persistent link: https://www.econbiz.de/10005678688
Persistent link: https://www.econbiz.de/10010866233
We augment a standard bilateral gift exchange game so employees can send messages at the same time as choosing an effort level. Employee effort (controlling for wages) is unaffected by allowing messages, but wages dramatically increase. Messages affect wages because employees give managers...
Persistent link: https://www.econbiz.de/10010866254
Persistent link: https://www.econbiz.de/10010866255
This paper studies how subjects in a three-person sequential step-level public good game learn to punish free riders more over time. Our current work makes several additions to the literature on other regarding behavior. First, our experiment provides evidence that subjects care about the...
Persistent link: https://www.econbiz.de/10005068094
Persistent link: https://www.econbiz.de/10005711657
Motivated by problems of coordination failure in organizations, we examine how overcoming coordination failure and maintaining coordination depend on the ability of individuals to observe others’ choices. Subjects’ payoffs depend on coordinating at high effort levels in a weak-link...
Persistent link: https://www.econbiz.de/10005711662