This paper uses an experimental design of voluntary information acquisition to assess the information assumptions of different learning models. The design is implemented in two-stage asymmetric-information games. Subjects' information-seeking behavior reveals that they tend to choose certain...

This study investigates whether the use of two different control structures (authority and contingent rewards) and different types of uncertainty (firm specific versus market uncertainty) have an impact on partner selection decisions. The results of an experimental study indicate that buyers...