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Whom do you distrust and how much does it cost? An experiment on the measurement of trust

McEvily, Bill; Radzevick, Joseph R.; Weber, Roberto A. - In: Games and Economic Behavior 74 (2012) 1, pp. 285-298

We advance the measurement of trust in economics in two ways. First, we highlight the importance of clearly identifying the target of trust, particularly for obtaining concordance between attitudinal and behavioral measures of trust. Second, we introduce a novel behavioral measure of (dis)trust,...

Persistent link: https://www.econbiz.de/10011049788

Political motivations and electoral competition: Equilibrium analysis and experimental evidence

Drouvelis, Michalis; Saporiti, Alejandro; Vriend, … - In: Games and Economic Behavior 83 (2014) C, pp. 86-115

, the paper uncovers the existence of two new equilibrium configurations, called ‘one-sided’ and ‘probabilistic’ policy … differentiation, respectively. Our analysis shows how these equilibrium configurations depend on the relative interests in power (resp … laboratory experiment, as we observe convergence to the Nash equilibrium values at the aggregate as well as at the individual …

Persistent link: https://www.econbiz.de/10011049886

Punishment strategies in repeated games: Evidence from experimental markets

Wright, Julian - In: Games and Economic Behavior 82 (2013) C, pp. 91-102

An experiment is designed to provide a snapshot of the strategies used by players in a repeated price competition game with a random continuation rule. One hundred pairs of subjects played the game over the Internet, with subjects having a few days to make their decisions in each round....

Persistent link: https://www.econbiz.de/10011049890

Preferences and beliefs in a sequential social dilemma: a within-subjects analysis

Blanco, Mariana; Engelmann, Dirk; Koch, Alexander K.; … - In: Games and Economic Behavior 87 (2014) C, pp. 122-135

In empirical analyses of games, preferences and beliefs are typically treated as independent. However, if beliefs and preferences interact, this may have implications for the interpretation of observed behavior. Our sequential social dilemma experiment allows us to separate different interaction...

Persistent link: https://www.econbiz.de/10010931200

Political Motivations and Electoral Competition : Equilibrium Analysis and Experimental Evidence

Drouvelis, Michalis - 2018

, the paper uncovers the existence of two new equilibrium configurations, called ‘one-sided' and ‘probabilistic' policy … differentiation, respectively. Our analysis shows how these equilibrium configurations depend on the relative interests in power (resp … laboratory experiment, as we observe convergence to the Nash equilibrium values at the aggregate as well as at the individual …

Persistent link: https://www.econbiz.de/10012933425

Forward-looking behavior in Hawk–Dove games in endogenous networks: Experimental evidence

Berninghaus, Siegfried K.; Ehrhart, Karl-Martin; Ott, Marion - In: Games and Economic Behavior 75 (2012) 1, pp. 35-52

We conduct an experiment in continuous time: every subject can change her links to others and her action in a Hawk–Dove game, which she plays bilaterally with each of her linked partners, at any time. We hypothesize that norms exist regarding who establishes and thus pays for links, and that...

Persistent link: https://www.econbiz.de/10011049851

Gift exchange and the separation of ownership and control

Maximiano, Sandra; Sloof, Randolph; Sonnemans, Joep - In: Games and Economic Behavior 77 (2013) 1, pp. 41-60

Numerous gift-exchange experiments have found a positive wage–effort relationship. In (almost) all these experiments the employer both owns and controls the firm. This paper explores to what extent the separation of ownership and control affects the wage–effort relationship. We compare the...

Persistent link: https://www.econbiz.de/10011049828

The minimum approval mechanism implements the efficient public good allocation theoretically and experimentally

Masuda, Takehito; Okano, Yoshitaka; Saijo, Tatsuyoshi - In: Games and Economic Behavior 83 (2014) C, pp. 73-85

quantal response equilibrium, subgame perfect minimax regret equilibrium, level-k thinking, and diagonalization heuristics …

Persistent link: https://www.econbiz.de/10011049764

Optimal mechanism design for the private supply of a public good

Csapó, Gergely; Müller, Rudolf - In: Games and Economic Behavior 80 (2013) C, pp. 229-242

We study the problem of finding the profit-maximizing mechanism for a monopolistic provider of a single, non-excludable public good. Our model covers the most general setting, namely, we allow for correlation in the signal distribution as well as for informational externalities in the...

Persistent link: https://www.econbiz.de/10011049766

Network structure and strategic investments: An experimental analysis

Rosenkranz, Stephanie; Weitzel, Utz - In: Games and Economic Behavior 75 (2012) 2, pp. 898-920

frequent coordination failures, in graphs of size N=4 equilibrium play seems easier on network architectures with high (low …

Persistent link: https://www.econbiz.de/10011049842