Showing 1 - 10 of 50
Persistent link: https://www.econbiz.de/10011785865
We experimentally study the effect of information about competitors' actions on cartel stability and firms' incentives to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot communicate....
Persistent link: https://www.econbiz.de/10013022876
Persistent link: https://www.econbiz.de/10003882536
Persistent link: https://www.econbiz.de/10001753254
Persistent link: https://www.econbiz.de/10001692027
Persistent link: https://www.econbiz.de/10001656781
Persistent link: https://www.econbiz.de/10001656830
Persistent link: https://www.econbiz.de/10003100447
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a behavioral refinement and stability measure...
Persistent link: https://www.econbiz.de/10014185948
For reward-based crowdfunding, we introduce the strategy-proof Generalized Moulin-Shenker mechanism (GMS) and compare its performance to the prevailing All-Or-Nothing mechanism (AON). Theoretically, GMS outperforms AON in equilibrium profit and funding success. We test these predictions...
Persistent link: https://www.econbiz.de/10014241992