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Hens, Thorsten; Vogt, Bodo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003

Based on an experimental analysis of a simple monetary economy we argue that a monetary system is more stable than one would expect from individual rationality. Weshow that positive reciprocity stabilizes the monetary system, provided everyparticipant considers accepting money as a reasonable...

Persistent link: https://www.econbiz.de/10005858586

Cooperation with Externalities and Uncertainty

Habis, Helga; Csercsik, Dávid - 2012

We introduce a new class of cooperative games where the worth of a coalition depends on the behavior of other players and on the state of nature as well. We allow for coalitions to form both before and after the resolution of uncertainty, hence agreements must be stable against both types of...

Persistent link: https://www.econbiz.de/10013208623

Reputation and Credit Market Formation

Fehr, Ernst; Zehnder, Christian - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004

In this paper we show that reputation formation in endogenously formed relationships is a decisive determinant for the existence and performance of credit markets. In theabsence of any third party enforcement of debt repayment the contracting parties succeed in establishing stable bilateral...

Persistent link: https://www.econbiz.de/10005857994

On the Micro-foundations of Money : The Capitol Hill Baby-Sitting Co-op

Hens, Thorsten; Schenk-Hoppe, Klaus Reiner; Vogt, Bodo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003

model is compared with actual be-havior in a laboratory experiment. The experiment gives support to thetheoretical approach. …

Persistent link: https://www.econbiz.de/10005858589

Cooperation under the shadow of the future: Experimental evidence from infinitely repeated games

Dal Bó, Pedro - 2002

While there is an extensive literature on the theory of in finitely repeated games, empirical evidence on how “the shadow of the future” affects behavior is scarce and inconclusive. We simulate in finitely repeated prisoner’s dilemma games in the lab by having a random continuation rule....

Persistent link: https://www.econbiz.de/10010318999

From imitation to collusion: Long-run learning in a low-information environment

Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012

We study long-run learning in an experimental Cournot game with no explicit information about the payoff function. Subjects see only the quantities and payoffs of each oligopolist after every period. In line with theoretical predictions and previous experimental findings, duopolies and...

Persistent link: https://www.econbiz.de/10010288135

Let's Talk It Over: Communication and Coordination in Teams

Dietrichson, Jens; Gudmundsson, Jens; Jochem, Torsten - 2018

difficult coordination problems. We develop a model and run simulations to analyze how costly communication affects team … coordination and output efficiency. We show that absent any organizational routines to structure team communication the least … several communication routines that improve team coordination and organizational efficiency. Our model and simulation results …

Persistent link: https://www.econbiz.de/10013208672

Coordination and Critical Mass in a Network Market - An Experimental Evaluation

Etziony, Amir; Weiss, Avi - 2002

In this paper we present the results of an experiment aimed at testing the ability of consumers to coordinate actions … our experiment, subjects were asked offered the option of buying a good at a certain price. Subjects were told the value … of the product, but this value depended on how many other subjects bought. The experiment was run under two treatments …

Persistent link: https://www.econbiz.de/10013204718

Stereotypes, Sex Discrimination and Paranoia - an experimental study

Holm, Håkan J. - 2000

We analyze results from two categories of experiments where the subjects received controlled signals about the sex of their co-players. In a series of Battle of the Sexes experiments the subjects played more hawkish against women than against men. The impact of the sex signal was most pronounced...

Persistent link: https://www.econbiz.de/10013208402

Free-riding on Communication: An Experimental Study

Andersson, Ola; Holm, Håkan J. - 2011

This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds …

Persistent link: https://www.econbiz.de/10013208556