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equilibrium networks are nested split graphs. Additionally, we show that the game is a potential game, even when we introduce …
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We analyse behavior in lottery choice problems that assign payoffs to the decision maker and one other subject. Lotteries are based on randomly generated 2x2 games where the column player’s choice is replaced by a draw from an urn. We find that the vast majority of subjects displays behavior...
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sharp selection is observed empirically: the most connected player can impose her preferred Nash equilibrium almost always …
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Facing a stochastic market wage, which is independent of their own hiring policy, employers offer contracts specifying fixed wage, revenue share and employment duration. In ongoing employment relations it depends on the treatment whether fixed wages can be only increased or also decreased. Will...
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