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Biconcavity is a simple condition on inverse demand that corresponds to the ordinary concept of concavity after simultaneous parameterized transformations of price and quantity. The notion is employed here in the framework of the homogeneous-good Cournot model with potentially heterogeneous...
Persistent link: https://www.econbiz.de/10014204013
beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show …, like 2x2 games, Cournot duopoly, price competition, rent seeking, public goods games, common pool resource games, minimum … effort coordination games, arms race, search, bargaining, etc., imitation cannot be beaten by much even by a very clever …
Persistent link: https://www.econbiz.de/10003949629
We report an experiment on the effect of intergroup competition on group coordination in the minimal-effort game (Van …
Persistent link: https://www.econbiz.de/10014043053
for learning without contagion effects). We find strong evidence that the higher the probability of continuation, the …
Persistent link: https://www.econbiz.de/10014108478
We report experimental findings on the impact of network structure on decentralized monitoring and punishment in public goods games. In the environments we study, individuals can only directly monitor and punish their immediate neighbors in an exogenously determined network. We examine...
Persistent link: https://www.econbiz.de/10013040459
When members of one group encounter a norm violation committed by a member of another group, this antisocial behavior is often handled by picking a random member of the community to which the perpetrator belongs and by applying sanctions to him/her. Despite its prevalence, this kind of...
Persistent link: https://www.econbiz.de/10013242506
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …
Persistent link: https://www.econbiz.de/10013148075
modifications: In the experiment, we directly link reciprocal preferences elicited in contribution schedules to beliefs and show …
Persistent link: https://www.econbiz.de/10013064567
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …
Persistent link: https://www.econbiz.de/10014345629
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …
Persistent link: https://www.econbiz.de/10014346014