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We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …
Persistent link: https://www.econbiz.de/10010371113
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …
Persistent link: https://www.econbiz.de/10011257649
(must) increase their signaling expenditures. This theoretical prediction is confirmed in our experiment. Second, for … intermediate and high levels of noise, a separating and pooling equilibrium co-exist. In the experiment, subjects tend to shift … that a separating equilibrium ceases to exist for low levels of noise (and an unfavorable prior). Yet in the experiment …
Persistent link: https://www.econbiz.de/10010573652
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …
Persistent link: https://www.econbiz.de/10010324581
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments: <OL> <LI … dynamic conduct lead to the competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we …
Persistent link: https://www.econbiz.de/10005137324
We test whether markets are needed to mitigate the effects of anchoring on peoples' pref- erences. We anchor subjects by asking them if they are willing to sell a bottle of wine for a transparently uninformative random price. We elicit subjects' Willingness-To-Accept for the bottle before and...
Persistent link: https://www.econbiz.de/10012122507
We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two....
Persistent link: https://www.econbiz.de/10011386442
Recent theoretical work shows that folk theorems can be developed for infiniteoverlapping generations games. Cooperation in such games can be sustained as aNash equilibrium. Besides the efficient cooperative equilibrium there is alsothe inefficient non-cooperative equilibrium. This paper...
Persistent link: https://www.econbiz.de/10011301169
. We report a series of first-price auction experiments to measure the degree of inefficiency that occurs with financially …
Persistent link: https://www.econbiz.de/10011303292
by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …
Persistent link: https://www.econbiz.de/10011256036