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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 …
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
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …
Persistent link: https://www.econbiz.de/10015217874
Considerable experimental evidence has been collected on how to solve the public-good dilemma. In a 'first generation' of experiments, this was done by presenting subjects with a pre-specified game out of a huge variety of rules. A 'second generation' of experiments introduced subjects to two...
Persistent link: https://www.econbiz.de/10015217937
We study experimentally how the network structure and length of pre-play communication affect behavior and outcome in a … 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 …
Persistent link: https://www.econbiz.de/10015219323
, particularly in the initial phase of the experiment. In the presence of payoff tables, subjects tend to be more cooperative. As a …
Persistent link: https://www.econbiz.de/10015221449
I use laboratory experiments to examine the relative performance of the English auction (EA) and the first price sealed bid auction (FPA) when procuring a commodity. The mean and variance of prices are lower in the FPA than in the EA. Bids and prices in EA agree with game theoretic predictions...
Persistent link: https://www.econbiz.de/10015221474
This paper theoretically and experimentally investigates the behavior of asymmetric players in guessing games. The asymmetry is created by introducing k1 replicas of one of the players. Two-player and restricted N-player cases are examined in detail. Based on the model parameters, the...
Persistent link: https://www.econbiz.de/10015222828