Showing 241 - 250 of 77,121
We study (anti-) coordination problems in networks in a laboratory experiment. Partici- pants interact with their … neighbours in a fixed network to play a bilateral (anti-) coordination game. Our main treatment variable is the extent to which … of successful coordination. In addition, even though there is a multiplicity of Nash equilibria theoretically, a very …
Persistent link: https://www.econbiz.de/10008728743
Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a … repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency … efficiency. This suggests that decentralized monetary sanctions can play a major role as a coordination device in Pareto …
Persistent link: https://www.econbiz.de/10009567105
We investigate social norms for dictator game giving using a recently proposed norm-elicitation procedure (Krupka and Weber, 2013). We elicit norms separately from dictator, recipient, and disinterested third party respondents and find that elicited norms are stable and insensitive to the role...
Persistent link: https://www.econbiz.de/10010436501
interaction effects. We conduct a laboratory experiment that avoids the identification problem present in the field and allows us … behavior in a coordination game with multiple equilibria and a public goods game, which has only one equilibrium in material … ; identification ; experiments ; coordination ; cooperation …
Persistent link: https://www.econbiz.de/10003799774
; coordination ; experiment … benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …
Persistent link: https://www.econbiz.de/10003887190
social interaction effects. Testing for such effects raises severe identification problems. We conduct an experiment that …
Persistent link: https://www.econbiz.de/10011507945
We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....
Persistent link: https://www.econbiz.de/10011333274
obligatory. We compare coordination failure with efficient rationing as well as with compulsory serving of demand, and … losses. Our experimental results show that (possible) coordination failure affects behavior through two channels: via … anticipating losses but decrease after experiencing losses. Coordination failures are more probable after subjects experienced a …
Persistent link: https://www.econbiz.de/10011976964
In our experimental setting, participants face the decision to invest into two assets which are subject to correlated information. While fundamental states and signals about fundamental states are correlated, success and default of the investment projects is determined separately. Nevertheless,...
Persistent link: https://www.econbiz.de/10011719838
Janssen et al. (2011, Experimental Economics, Vol. 14, pp. 547–566) studied an asymmetric, finitely repeated common-pool resource dilemma with free-form communication in which subjects made decisions about investments in an infrastructure, and about extraction from a resource made available by...
Persistent link: https://www.econbiz.de/10013211816