Similar Search Results

Communication and Coordination in Signalling Games: An Experimental Study

Sopher, Barry; Zapater, Inigo - 1998

Persistent link: https://www.econbiz.de/10010334318

Can fear cause economic collapse? Insights from an experimental study

Guarino, Antonio; Huck, Steffen; Jeitschko, Thomas D. - 2004

We study the behavior of experimental subjects who have to make a sequence of risky investment decisions in the presence of network externalities. Subjects follow a simple heuristic – investing after positive experiences and reducing their propensity to invest after a failure. This result...

Persistent link: https://www.econbiz.de/10010307025

Panic bank runs

Kiss, Hubert János; Rodriguez-Lara, Ismael; … - 2017

coordination failures among depositors, the two main culprits identified in the literature. Depositors withdraw when they observe …

Persistent link: https://www.econbiz.de/10011944907

Explicit vs. tacit collusion: The impact of communication in oligopoly experiments

Fonseca, Miguel A.; Normann, Hans-Theo - 2012

We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is … disabled. Communication supports fims in coordinating on collusive pricing schemes, and it is also used for conflict mediation. …

Persistent link: https://www.econbiz.de/10010310323

Endogenous cartel formation: Experimental evidence

Fonseca, Miguel A.; Normann, Hans-Theo - 2014

In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they …

Persistent link: https://www.econbiz.de/10010397752

Do buyer groups facilitate collusion?

Normann, Hans-Theo; Rösch, Jürgen; Schultz, Luis Manuel - 2014

firms. Communication is often abused for explicit agreements and this strongly reduces competition. …

Persistent link: https://www.econbiz.de/10010426996

Collusion and bargaining in asymmetric Cournot duopoly: An experiment

Fischer, Christian; Normann, Hans-Theo - 2018

implicitly and explicitly), if at all, in such games. In our treatments without communication, players fail to cooperate and … essentially play the static Nash equilibrium (consistent with previous results). With communication, inefficient firms gain at the …

Persistent link: https://www.econbiz.de/10011929112

The Behavioral Mechanisms of Voluntary Cooperation across Culturally Diverse Societies: Evidence from the US, the UK, Morocco, and Turkey

Weber, Till O.; Schulz, Jonathan F.; Beranek, Benjamin; … - 2023

We examine the role of cooperative preferences, beliefs, and punishments to uncover potential cross-societal differences in voluntary cooperation. Using one-shot public goods experiments in four comparable subject pools from the US and the UK (two similar Western societies) and Morocco and...

Persistent link: https://www.econbiz.de/10014377318

A survey of experimental research on contests, all-pay auctions and tournaments

Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman M. - 2012

Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rankorder tournaments. This survey...

Persistent link: https://www.econbiz.de/10010311082

Fairness and the optimal allocation of ownership rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2005

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10010261192