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We consider bargaining in a bipartite network of buyers and sellers, who can only trade with the limited number of … authorities. We perform an experimental test of a graph-theoretic model that allows us to decompose any two-sided network into …
Persistent link: https://www.econbiz.de/10014142824
the first case efficiency is increased, while in the second it is diminished. We also test for differences between in …
Persistent link: https://www.econbiz.de/10013243734
We study ultimatum and dictator experiments where the first mover chooses the amount of money to be distributed between the players within a given interval, knowing that her own share is fixed. Thus, the first mover is faced with scarcity, but not with the typical trade-off between her own and...
Persistent link: https://www.econbiz.de/10003883008
confidential transactions. Bargaining can be considered to occur over a network that summarizes the structure of linkages among … people. We conduct an alternating-offer bargaining experiment using separate simple networks, which are then joined during … bargaining environments. Participants appear to grasp the essential characteristics of the networks and we observe a rather …
Persistent link: https://www.econbiz.de/10005771991
We assess the empirical validity of the overall theoretical framework of other-regarding preferences by focusing on those preference axioms that are common to all the prominent theories of outcome-based other-regarding preferences. This common set of preference axioms leads to a testable...
Persistent link: https://www.econbiz.de/10010286467
We assess the empirical validity of the overall theoretical framework of other-regarding preferences by focusing on those preference axioms that are common to all the prominent theories of outcome-based other-regarding preferences. This common set of preference axioms leads to a testable...
Persistent link: https://www.econbiz.de/10009306937
Considerable experimental evidence suggests that non-pecuniary motives must be addressed when modeling behavior in economic contexts. Recent models of non-pecuniary motives can be classified as either altruism- based, equity-based, or reciprocity-based. We estimate and compare leading approaches...
Persistent link: https://www.econbiz.de/10014193833
a range of simple experimental games that test these theories more directly than existing experiments. Our experiments …
Persistent link: https://www.econbiz.de/10014159132
Participants in experimental games typically can only choose actions, without making comments about other participants' future actions. In sequential two-person games, we allow first movers to express a preference between responder choices. We find that responder behavior differs substantially...
Persistent link: https://www.econbiz.de/10014093709
The Dixit (1980) hypothesis that incumbents use investment in capacity to deter potential entrants has found little empirical support. Bagwell and Ramey (1996) propose a model where, in the unique game-theoretic prediction based on forward induction or iterated elimination of weakly-dominated...
Persistent link: https://www.econbiz.de/10014029630