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Imitation - Theory and Experimental Evidence -
Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg - 2005
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …
Persistent link: https://www.econbiz.de/10011422119
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Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally Robust
Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - 2007
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian outcome...
Persistent link: https://www.econbiz.de/10011422170
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Does Information Matter? Some Experimental Evidence from a Common-Pool Resource Game
Apesteguia, Jose - 2001
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …
Persistent link: https://www.econbiz.de/10010317639
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The Two-Person Harvard Game: An Experimental Analysis
Apesteguia, Jose - 2001
Two subjects have to repeatedly choose between two alternatives, A and B, where payoffs of an A or B-choice depend on the choices made by both players in a number of previous choices. Locally, alternative A gives always more payoff than alternative B. However, in terms of overall payoffs...
Persistent link: https://www.econbiz.de/10010317676
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Does Information Matter? Some Experimental Evidence from a Common-Pool Resource Game
Apesteguia, Jose - University of Bonn, Germany - 2001
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …
Persistent link: https://www.econbiz.de/10004968350
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Strategic The Two-Person Harvard Game: An Experimental Analysis
Apesteguia, Jose - University of Bonn, Germany - 2001
Two subjects have to repeatedly choose between two alternatives, A and B, where payoffs of an A or B-choice depend on the choices made by both players in a number of previous choices. Locally, alternative A gives always more payoff than alternative B. However, in terms of overall payoffs...
Persistent link: https://www.econbiz.de/10004968419
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Imitation - Theory and Experimental Evidence -
Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2005
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …
Persistent link: https://www.econbiz.de/10005150934
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Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally Robust
Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2007
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian outcome...
Persistent link: https://www.econbiz.de/10005150943
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Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally Robust
Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - CESifo - 2008
A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...
Persistent link: https://www.econbiz.de/10005196312
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Does information matter? : some experimental evidence from a common-pool resource game
Apesteguia, Jose - 2001
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …
Persistent link: https://www.econbiz.de/10011538855