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Inefficiency in private value bargaining with naive players : an experimental study

Possajennikov, Alexandre; Saran, Rene - 2018

The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …

Persistent link: https://www.econbiz.de/10011852503

Recent Developments in Fisheries Economics Research

Kronbak, Lone Grønbæk; Squires, Dale; Vestergaard, Niels - In: International Review of Environmental and Resource Economics 7 (2014) 1, pp. 67-108

Fisheries economics stand on the cusp of potentially sizeable changes in orientation and policy focus, leading in turn to comparable changes in modeling and general analysis. Notably, fisheries are increasingly framed as part of the overall marine environment rather than considered as solely or...

Persistent link: https://www.econbiz.de/10010990879

Stabilization of an Uncertain Simple Fishery Management Game

Engwerda, Jacob Christiaan - 2017

This note analyzes in a fishery management problem the effects of relaxing one of the usual assumptions in the literature of dynamic games. Specifically, the assumption that players restrict to strategies that stabilize the system. Previous works in the literature have shown that feedback Nash...

Persistent link: https://www.econbiz.de/10012950179

Market interaction and the focus on consequences in moral decision making

Adrian, Nana; Crede, Ann-Kathrin; Gehrlein, Jonas - 2019

consequences. Contrary to that, deontology focuses solely on the morality of the action itself. We design an online experiment in …

Persistent link: https://www.econbiz.de/10012029077

(In)efficiency in private value bargaining with naive players : theory and experiment

Possajennikov, Alexandre; Saran, Rene - In: Journal of economic behavior & organization : JEBO 216 (2023), pp. 42-61

Persistent link: https://www.econbiz.de/10014478555

Competition with indivisibilities and few traders

Martinelli, César; Wang, Jianxin; Zheng, Weiwei - In: Experimental economics : a journal of the Economic … 26 (2023) 1, pp. 78-106

Persistent link: https://www.econbiz.de/10014227980

The creation of social norms under weak institutions

Diekert, Florian; Eymess, Tillmann; Luomba, Joseph; … - 2020

to improve outcomes. Our lab-in-the-ﬁeld experiment studies how information about high or low levels of previous …

Persistent link: https://www.econbiz.de/10012214929

Identification of Other-Regarding Preferences : Evidence from a Common Pool Resource Game in Colombia

Polania-Reyes, Sandra - 2019

Intrinsic motivation is shaped by attitudes towards others. In spite of their potential relevance for policy design, identifying individual preference types beyond population distributions remains a challenge. We use data from a common pool resource (CPR) game in the fi eld (935 individuals, 25%...

Persistent link: https://www.econbiz.de/10012904155

Demand for off-grid solar electricity : experimental evidence from Rwanda

Grimm, Michael; Lenz, Luciane; Peters, Jörg; Sievert, … - 2016

Providing electricity to the unconnected 1.1 billion people in developing countries is one of the top political priorities of the international community, yet the costs of reaching this objective are very high. The present paper examines whether the objective and the associated costs are...

Persistent link: https://www.econbiz.de/10011595177

Demand for off-grid solar electricity : experimental evidence from Rwanda

Grimm, Michael; Lenz, Luciane; Peters, Jörg; Sievert, … - 2017

Persistent link: https://www.econbiz.de/10011603144