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This paper reports an experiment which compares behaviour in two punishment regimes: (i) a standard public goods game …
Persistent link: https://www.econbiz.de/10011380878
). In this paper we address this question by using a measure of costly cooperation elicited in a laboratory experiment to … laboratory experiments with 645 subjects at a trucker training program in the Midwestern US. The experiment use a version of the … prisoner's dilemma game to measure subjects' preferences for cooperation. The authors observe the same subjects on the job for …
Persistent link: https://www.econbiz.de/10011434284
Costly competitions between economic agents are modeled as contests. Researchers use laboratory experiments to study contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are significantly higher than predicted by the standard...
Persistent link: https://www.econbiz.de/10012910152
This chapter reviews recent experimental data testing game theory and behavioral models that have been inspired to explain those data. The models fall into four groups: in cognitive hierarchy or level- k models, the assumption of equilibrium is relaxed by assuming agents have beliefs about other...
Persistent link: https://www.econbiz.de/10014025449
as consumers.This chapter reports the results of experiments that quantified cooperation among MET's member agency …
Persistent link: https://www.econbiz.de/10013115012
players and prizes, spillovers and externalities, heterogeneity, and incomplete information. Second, we discuss dynamic …
Persistent link: https://www.econbiz.de/10013100140
players and prizes, spillovers and externalities, heterogeneity, and incomplete information. Second, we discuss dynamic …
Persistent link: https://www.econbiz.de/10009687977
test the robustness of theoretical predictions. To illustrate this point we conduct a three-person bargaining experiment … examining the effect of different decision rules (unanimity and majority rule). Our experiment implements the substantive … those obtained from an earlier experiment which implemented the specific procedural assumptions of the model. Our results …
Persistent link: https://www.econbiz.de/10011889435
successful innovators during the contest duration share in the prize. The designer can also vary the information disclosure … policy from Public in which at each period, all information about contestants' past successes and failures is publicly …
Persistent link: https://www.econbiz.de/10012992465
This paper experimentally studies the performance of negotiation considering individual and party, like a country, share of benefit over the best ones. It experiments two-stage bargaining games, internal and external negotiations. From the experimental results, this paper shows strong tendency...
Persistent link: https://www.econbiz.de/10011765057