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We explore the effects of the provision of an information-processing instrument—payoff tables—on behavior in experimental oligopolies. In one experimental setting, subjects have access to payoff tables whereas in the other setting they have not. It turns out that this minor variation in...
Persistent link: https://www.econbiz.de/10010988992
collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … short run increase in collusion. However, in a limited message-space treatment where subjects cannot communicate contingent … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …
Persistent link: https://www.econbiz.de/10008558586
We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...
Persistent link: https://www.econbiz.de/10010433911
We show that economic decisions in strategic settings are co-determined by multiple behavioral rules. A simple model of intra-individual behavioral heterogeneity predicts testable differences depending on whether rules share a common prescription (alignment) or not (conflict), a classification...
Persistent link: https://www.econbiz.de/10012056814
We show that economic decisions in strategic settings are co-determined by multiple behavioral rules. A simple model of intra-individual behavioral heterogeneity predicts testable differences depending on whether rules share a common prescription (alignment) or not (conflict), a classification...
Persistent link: https://www.econbiz.de/10012052579
main approach relies on framing: Call individuals 'firms'! This experimental approach is not in line with modern industrial … Stackelberg experiment is considered in order to answer the question whether framing individual decision making as firm decision …
Persistent link: https://www.econbiz.de/10010312013
therefore faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals … answer the question whether framing individual decision making as organizational decision making or implementing an …
Persistent link: https://www.econbiz.de/10010294406
framing and symmetry of conflict. We find that behavior in conflict depends on whether one is harmed by actions perpetrated by …
Persistent link: https://www.econbiz.de/10010695878
framing and symmetry of conflict. We find that behavior in conflict depends on whether one is harmed by actions perpetrated by …
Persistent link: https://www.econbiz.de/10010323881
framing and symmetry of conflict. We find that behavior in conflict depends on whether one is harmed by actions perpetrated by …
Persistent link: https://www.econbiz.de/10009792169