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Internet experiments are a new and convenient way for reaching a large subject pool. Yet, providing incentives to … incentive device. Performance based financial incentives seem to be required also in internet experiments. -- incentives … ; experiments ; internet ; high score …
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problem for the case of both symmetric and asymmetric Cournot duopoly, we conduct internet treatments lasting more than a …One key problem regarding the external validity of laboratory experiments is their duration: while economic … interactions out in the field are often lengthy processes, typical lab experiments only last for an hour or two. To address this …
Persistent link: https://www.econbiz.de/10009775683
With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …
Persistent link: https://www.econbiz.de/10011453215
We present the results of an experiment on learning in a continuous-time low-information setting. For a dominance … implications both for traditional oligopoly competition and for a wide variety of strategic situations arising on the Internet …
Persistent link: https://www.econbiz.de/10014056756
In this paper we study a large class of non-atomic games arising from interactions on the Internet, such as many users … learnable by several models of learning, such as adaptive and sophisticated learning (Milgrom and Roberts 1991), calibrated … learning (Foster and Vohra 1996), and reasonable learning (Friedman and Shenker 1997). Thus, using these methods one can …
Persistent link: https://www.econbiz.de/10011577029
We address the problem of learning and implementation on the Internet. When agents play repeated games in distributed … environments like the Internet, they have very limited {\em a priori} information about the other players and the payoff matrix … the essential properties that constitute ``reasonable'' learning behavior in distributed environments. We then study the …
Persistent link: https://www.econbiz.de/10011577247
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Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...
Persistent link: https://www.econbiz.de/10011343948
We analyze a market where firms compete in a conventional and an electronicretail channel. Consumers easily compare prices online, but some incur purchaseuncertainties on the online channel. We investigate the market shares of the two retailchannels and the prices that are charged. We find that...
Persistent link: https://www.econbiz.de/10011326968