How fast transition should occur and how fast privatization and/or entry should take place in formerly socialist economies has been widely debated by economists. The field evidence on start-ups is mixed, with fragmentary data indicating that the performance of start-ups varies widely across...

This chapter examines whether refinements based on forward induction or simple adaptive learning models are better able to capture behavior in signaling game experiments. This chapter also finds that observed behavior is inconsistent with either the equilibrium refinements literature or pure...