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Imitation dynamics in oligopoly games with heterogeneous players

Lindeman, Daan; Ochea, Marius I. - In: Games 15 (2024) 2, pp. 1-26

framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential … heuristic (Cournot best-response) and the stable one (imitation) and on the intensity of the evolutionary pressure. When this … cost differential is positive (i.e., imitation is relatively cheaper vis a vis Cournot), most firms use this heuristic and …

Persistent link: https://www.econbiz.de/10014636241

Stable sampling equilibrium in common pool resource games

Cárdenas Campo, Juan Camilo; Mantilla, César; Sethi, Rajiv - In: Games 6 (2015) 3, pp. 299-317

This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of...

Persistent link: https://www.econbiz.de/10011316535

The impact of the irrelevant : temporary buy-options and bidding behavior in auctions

Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - In: Games 7 (2016) 1, pp. 1-19

With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …

Persistent link: https://www.econbiz.de/10011453215

Incentive magnitude effects in experimental games : bigger is not necessarily better

Pulford, Briony D.; Colman, Andrew M.; Loomes, Graham - In: Games 9 (2018) 1/4, pp. 1-10

In experimental games, task-related incentives are payments to experimental subjects that vary according to their strategy choices and the consequent outcomes of the games. Limited evidence exists regarding incentive magnitude effects in experimental games. We examined one-off strategy choices...

Persistent link: https://www.econbiz.de/10011848336

Is voting for a cartel a sign of cooperativeness?

Gillet, Joris - In: Games 12 (2021) 2, pp. 1-10

hypothesis we run an experiment where participants play two consecutive Bertrand pricing games: first a standard version without …

Persistent link: https://www.econbiz.de/10012547790

Examining spillovers between long and short repeated prisoner's dilemma games played in the laboratory

Arechar, Antonio A.; Kouchaki, Maryam; Rand, David G. - In: Games 9 (2018) 1/5, pp. 1-16

We had participants play two sets of repeated Prisoner’s Dilemma (RPD) games, one with a large continuation probability and the other with a small continuation probability, as well as Dictator Games (DGs) before and after the RPDs. We find that, regardless of which is RPD set is played first,...

Persistent link: https://www.econbiz.de/10011848339

Anger management : aggression and punishment in the provision of public goods

Gee, Laura K.; Lyu, Xinxin; Urry, Heather - In: Games 8 (2017) 1, pp. 1-28

aggression. In this lab experiment, we find that adopting an objective attitude (objective), through a form of emotion regulation …

Persistent link: https://www.econbiz.de/10011621328

Cartel formation in Cournot competition with asymmetric costs : a partition function approach

Abe, Takaaki - In: Games 12 (2021) 1/14, pp. 1-16

In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We assume that a firm obtains a certain cost advantage that allows it to produce goods at a lower unit cost. We show that if the level of the cost advantage is "moderate", then...

Persistent link: https://www.econbiz.de/10012432603

Bayesian fictitious play in oligopoly : the case of risk-averse agents

Yazar, Julide - In: Games 15 (2024) 6, pp. 1-15

A number of learning models have been suggested to analyze the repeated interaction of boundedly rational agents … uncertainty in their reward stream, in addition to the expected value of the future rewards. Learning in oligopoly models for the … case of risk-averse agents has received much less attention. In this paper, we present a novel learning model that extends …

Persistent link: https://www.econbiz.de/10015271474

Determinants of equilibrium selection in network formation : an experiment

Hoyer, Britta; Rosenkranz, Stephanie - In: Games 9 (2018) 4/89, pp. 1-25

starting network. To study factors affecting equilibrium selection, we designed a network formation experiment with multiple …

Persistent link: https://www.econbiz.de/10012014878