We report on an experiment designed to study a dynamic model of quantity competition where firms continuously revise … static Nash equilibrium, thereby showing a negative value of information with lower profits. With stochastic revision, where …

This article reports the results of a laboratory experiment that examines the strategic effect of forward contracts on … competition. The experiment provides a first simultaneous test of these rival effects. Contrary to previous experimental studies …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we … collected information on the female participants' menstrual cycles. We find that women bid significantly higher than men in …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …

contest experiments: (i) overbidding relative to the standard Nash equilibrium prediction and (ii) heterogeneous behavior of … ex-ante symmetric contestants. Based on the sample of contest experiments that we review, the median overbidding rate is …

This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …

potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …