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coordination and distribution of coordinated outcomes across networks. But increasing the communication length improves both … efficiency an equity of coordination. In all treatments, coordination is mostly explained by convergence in communication. We …We study experimentally how the network structure and length of pre-play communication affect behavior and outcome in a …
Persistent link: https://www.econbiz.de/10015219323
This paper studies the analytical properties of the reinforcement learning model proposed in Erev and Roth (1998), also termed cumulative reinforcement learning in Laslier et al (2001). This stochastic model of learning in games accounts for two main elements: the law of effect (positive...
Persistent link: https://www.econbiz.de/10015228837
This paper evaluates the role of centralized punishment in boosting contribution to the provision of public goods. To avoid the race to the bottom in the provision of public goods, this centralized punishment mechanism relies on the use of the unilateral and tie punishment imposed on the lowest...
Persistent link: https://www.econbiz.de/10015256818
laboratory experiment to examine how justification can combat profit-seeking punishment and promote the legitimacy of punishment …
Persistent link: https://www.econbiz.de/10015237197
The authors (Cason, Friedman and Hopkins, Review of Economic Studies, 2014) claimed that control treatments (using simultaneous matching in discrete time) replicate previous results that exhibit weak or no cycles. After correcting two mathematical mistakes in their cycles tripwire algorithm, we...
Persistent link: https://www.econbiz.de/10015239803
We report on an experiment designed to study a dynamic model of quantity competition where firms continuously revise …
Persistent link: https://www.econbiz.de/10015254958
simultaneous moves. In the experiment, both games are repeated five times in a row with a fixed incumbent and changing entrants …
Persistent link: https://www.econbiz.de/10015214501
We examine the relative performances of reverse auctions and request for quotes in a simple commodity environment. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory experiments and find that this is a poor starting point. Both...
Persistent link: https://www.econbiz.de/10015215664
In this paper we present an experiment in which we test the effects of sequential entry on the stability of collusion … conjecture that an implicit coordination problem is resolved more easily in a smaller group and that coordination, once it has …
Persistent link: https://www.econbiz.de/10015216539
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …
Persistent link: https://www.econbiz.de/10015217873