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Technology adoption in markets with network effects: Theory and experimental evidence

Keser, Claudia; Suleymanova, Irina; Wey, Christian - In: Information Economics and Policy 24 (2012) 3, pp. 262-276

We examine a technology-adoption game with network effects in which coordination on either technology A or technology B … constitutes a Nash equilibrium. Coordination on technology B is assumed to be payoff dominant. We define a technology’s critical …

Persistent link: https://www.econbiz.de/10010595119

Technology adoption in markets with network effects: Theory and experimental evidence

Keser, Claudia; Suleymanova, Irina; Wey, Christian - Düsseldorf Institute for Competition Economics (DICE), … - 2011

We examine a technology adoption game with network effects in which coordination on technology A and technology B … constitute a Nash equilibrium. Coordination on technology B is assumed to be payoff-dominant. We define a technology's critical …

Persistent link: https://www.econbiz.de/10009353465

Learning tastes through social interaction

Hsiaw, Alice - In: Journal of Economic Behavior & Organization 107 (2014) PA, pp. 64-85

bundled with a coordination mechanism for its consumers, its value is endogenously determined due to a consumption externality …

Persistent link: https://www.econbiz.de/10011077027

Lifecycle consumption plans, social learning and external habits: Experimental evidence

Carbone, Enrica; Duffy, John - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 413-427

We report results from a laboratory experiment exploring the extent to which individuals can solve a deterministic, intertemporal lifecycle consumption optimization problem and the effect of revealing social information on past average consumption amounts; as all individuals have identical...

Persistent link: https://www.econbiz.de/10010930942

Nonparametric comparative revealed risk aversion

Heufer, Jan - In: Journal of Economic Theory 153 (2014) C, pp. 569-616

We introduce a nonparametric method to compare risk aversion of different investors based on revealed preference methods. Using Yaari's (1969) [50] definition of “more risk averse than”, we show that it is sufficient to compare the revealed preference relations of two investors. This makes...

Persistent link: https://www.econbiz.de/10011042977

Stochastic Dominance and Nonparametric Comparative Revealed Risk Aversion

Heufer, Jan - Rheinisch-Westfälisches Institut für … - 2011

It is shown how to test revealed preference data on choices under uncertainty for consistency with first and second order stochastic dominance (FSD or SSD). The axiom derived for SSD is a necessary and sufficient condition for risk aversion. If an investor is risk averse, stochastic dominance...

Persistent link: https://www.econbiz.de/10009385731

Revealed Notions of Distributive Justice II: Experimental Evidence

Becker, Nicole; Häger, Kirsten; Heufer, Jan - Wirtschaftswissenschaftliche Fakultät, … - 2013

We report the results of a combination of a dictator experiment with either a "social planner" or a "veil of ignorance" experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion paper by Becker, Häger, and Heufer (BHH,...

Persistent link: https://www.econbiz.de/10010700372

Revealed Notions of Distributive Justice II – Experimental Evidence

Becker, Nicole; Häger, Kirsten; Heufer, Jan - Rheinisch-Westfälisches Institut für … - 2013

We report the results of a combination of a dictator experiment with either a “social planner” or a “veil of ignorance” experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion paper by Becker, Häger, and Heufer...

Persistent link: https://www.econbiz.de/10010705762

Is a firm a firm? A Stackelberg experiment

Hildenbrand, Andreas - In: Economics - The Open-Access, Open-Assessment E-Journal 7 (2013), pp. 1-26

Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly theory. Experimental industrial organization, therefore, faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals...

Persistent link: https://www.econbiz.de/10010954757

Is a "firm" a firm? A Stackelberg experiment

Hildenbrand, Andreas - Institut für Weltwirtschaft (IfW) - 2012

Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly theory. Experimental industrial organization therefore faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals firms!...

Persistent link: https://www.econbiz.de/10010956088