Showing 1 - 10 of 14,741
Persistent link: https://www.econbiz.de/10003761965
Persistent link: https://www.econbiz.de/10003611952
Persistent link: https://www.econbiz.de/10011442022
Persistent link: https://www.econbiz.de/10003776134
Persistent link: https://www.econbiz.de/10013368302
Theoretical models of information asymmetry have identified a trade-off between the desire to learn and the desire to prevent an opponent from learning private information. This paper reports a laboratory experiment that investigates if actual bidders account for this trade-off, using a...
Persistent link: https://www.econbiz.de/10012951295
characterize the Perfect Bayesian Equilibria of this sequential interaction and show that the buyer's equilibrium strategy consists … strategy relative to more traditional learning dynamics, and establish that, paradoxically, when sellers are strategic, the …
Persistent link: https://www.econbiz.de/10012065183
Persistent link: https://www.econbiz.de/10012053169
Persistent link: https://www.econbiz.de/10003877484
other three only in even periods. This game has two pure strategy equilibria in which both types of players behave … differently. The data exhibit a weak but significant tendency in the direction of coordination at a pure strategy equilibrium. …
Persistent link: https://www.econbiz.de/10003482481