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Dynamic Pricing in the Presence of Strategic Consumers : Theory and Experiment

Kremer, Mirko - 2015

two-period model, and test the equilibrium predictions in a set of behavioral experiments in which human subjects played …

Persistent link: https://www.econbiz.de/10013035603

Viable Nash Equilibria : An Experiment

Kim, Duk Gyoo; Min, Daehong; Wooders, John - 2022

This paper examines the usefulness of Kalai (2020)’s measure of the viability of Nash equilibrium. We experimentally study a class of participation games, which differ in the number of players, the success threshold, and the payoff to not participating. We find that Kalai’s measure captures...

Persistent link: https://www.econbiz.de/10014077192

Viable Nash equilibria : an experiment

Kim, Duk Gyoo; Min, Daehong; Wooders, John - 2022

This paper examines the usefulness of Kalai (2020)'s measure of the viability of Nash equilibrium. We experimentally study a class of participation games, which differ in the number of players, the success threshold, and the payoff to not participating. We find that Kalai's measure captures well...

Persistent link: https://www.econbiz.de/10013362381

An experimental Nash program : a comparison of non-cooperative v.s. cooperative bargaining experiments

Chessa, Michela; Hanaki, Nobuyuki; Lardon, Aymeric; … - 2023

This paper aims to contribute to the literature on Nash program by experimentally comparing the results of "structured" (non-cooperative) demand-based and offer-based mechanisms that implement the Shapley value as an ex-ante equilibrium outcome with the results of corresponding "semi-structured"...

Persistent link: https://www.econbiz.de/10014451922

Imitation - Theory and Experimental Evidence

Apesteguia, Jose; Huck, Steffen; Oechssler, Jorg - EconWPA - 2003

We introduce a generalized theoretical approach to study imitation models and subject the models to rigorous … experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to …. In a laboratory experiment we test the different theories by systematically varying information conditions. We find that …

Persistent link: https://www.econbiz.de/10005125578

Resource Allocation Contests: Experimental Evidence

Shupp, Robert; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …

Persistent link: https://www.econbiz.de/10011259038

Reference Points and Negative Reciprocity in Simple Sequential Games.

Brandts, J.; Sola, C. - Departament d'Economia i Història Econòmica, … - 1998

We investigate experimentally whether preferences over an outcome depend on what other possible outcomes of the situation under consideration are, i.e. whether choices are "menu dependent". In simple sequential games we analyze whether reactions to a certain benchmark oucome are influenced by...

Persistent link: https://www.econbiz.de/10005168500

The Provision of Public Goods with Positive GroupInterdependencies

Güth, Werner; Sääksvuori, Lauri - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010

This article examines the nature of human behavior in a nested socialdilemma referred to as the Spillover Game. Players are divided into twogroups with positive production interdependencies. Based on theoreticallyderived opportunistic, local, and global optima, our experimental...

Persistent link: https://www.econbiz.de/10009022157

Social learning and delay in a dynamic model of price competition

Aoyagi, Masaki; Bhallay, Manaswini; Gunayz, Hikmet - 2014

This paper studies dynamic price competition over two periods between two firms selling differentiated durable goods to two buyers who are privately informed about their types, but have valuations of the two goods dependent on the other buyer's type. The firms' pricing strategy in period 1 must...

Persistent link: https://www.econbiz.de/10010381472

Submodularity and the Evolution of Walrasian Behavior

2002

Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result …

Persistent link: https://www.econbiz.de/10010263058