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Persistent link: https://www.econbiz.de/10001548848
The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly … group is imitated. Imitation is the adoption of the imitated player's strategy. Imitation equilibrium does not only mean … equilibrium directly or by a return path after an unsuccessful deviation. The imitation equilibrium concept is motivated by the …
Persistent link: https://www.econbiz.de/10011538885
our experiment, a sunspot variable points randomly at the risk-dominant or the payoff-dominant choice. We find out-of-equilibrium …
Persistent link: https://www.econbiz.de/10012233925
When members of one group encounter a norm violation committed by a member of another group, this antisocial behavior is often handled by picking a random member of the community to which the perpetrator belongs and by applying sanctions to him/her. Despite its prevalence, this kind of...
Persistent link: https://www.econbiz.de/10013242506
We study the decision process in a group dictator game in which three subjects can distribute an initial endowment between themselves and a group of recipients. The experiment consists of two stages: first, individuals play a standard dictator game. Second, individuals are randomly matched into...
Persistent link: https://www.econbiz.de/10013051139
In many bargaining situations, the distribution of seats or voting weights does not accurately reflect bargaining power. Maaser, Paetzel and Traub (Games and Economic Behavior, 2019) conducted an experiment to investigate the effect of such nominal power differences in the classic Baron-Ferejohn...
Persistent link: https://www.econbiz.de/10013171871
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We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...
Persistent link: https://www.econbiz.de/10003827331
We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...
Persistent link: https://www.econbiz.de/10012764226