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Persistent link: https://www.econbiz.de/10005409075
We conduct a series of laboratory experiments to understand what role commitment and reputation play in bargaining. The experiments implement the Abreu and Gul (2000) bargaining model that demonstrates how introducing behavioral types, which are obstinate in their demands, creates incentives for...
Persistent link: https://www.econbiz.de/10011268078
We use a novel experimental design to identify the subjects' strategies in an infinitely repeated prisoners' dilemma experiment. We ask subjects to design strategies that will play in their place. We find that eliciting strategies has negligible effects on their behavior, supporting the validity...
Persistent link: https://www.econbiz.de/10010983259
Persistent link: https://www.econbiz.de/10011034616
In experimental economics, where subjects participate in different sessions, observations across subjects of a given session might exhibit more correlation than observations across subjects in different sessions. The problem of session effects is related to similar problems in many experimental...
Persistent link: https://www.econbiz.de/10005100990
There is a long history of models attempting to identify the causes of corruption, yet empirical analysis is complicated. Not only is data difficult to obtain and often available only for few countries and a limited number of years, but such estimation involves inherent complexities. This paper...
Persistent link: https://www.econbiz.de/10005101029
This paper analyzes data from an investigation of a majoritarian bargaining experiment. A learning model is proposed to account for the evolution of play in this experiment. It is also suggested that an adjustment must be made to account for the panel structure of the data. Such adjustments have...
Persistent link: https://www.econbiz.de/10008493178
Persistent link: https://www.econbiz.de/10005478590
A model of coalition government formation is presented in which inefficient, non-minimal winning coalitions may form in Nash equilibrium. Predictions for five games are presented and tested experimentally. The experimental data support potential maximization as a refinement of Nash equilibrium....
Persistent link: https://www.econbiz.de/10005423048
We extend the notion of the inner core of a finite economy to a large economy. We prove that competitive allocations and the core coincide with the inner core.
Persistent link: https://www.econbiz.de/10005371130