Showing 1 - 10 of 291
We consider bargaining in a bipartite network of buyers and sellers, who can only trade with the limited number of … authorities. We perform an experimental test of a graph-theoretic model that allows us to decompose any two-sided network into …
Persistent link: https://www.econbiz.de/10014142824
the first case efficiency is increased, while in the second it is diminished. We also test for differences between in …
Persistent link: https://www.econbiz.de/10013243734
confidential transactions. Bargaining can be considered to occur over a network that summarizes the structure of linkages among … people. We conduct an alternating-offer bargaining experiment using separate simple networks, which are then joined during … bargaining environments. Participants appear to grasp the essential characteristics of the networks and we observe a rather …
Persistent link: https://www.econbiz.de/10005771991
Considerable experimental evidence suggests that non-pecuniary motives must be addressed when modeling behavior in economic contexts. Recent models of non-pecuniary motives can be classified as either altruism- based, equity-based, or reciprocity-based. We estimate and compare leading approaches...
Persistent link: https://www.econbiz.de/10014193833
a range of simple experimental games that test these theories more directly than existing experiments. Our experiments …
Persistent link: https://www.econbiz.de/10014159132
Participants in experimental games typically can only choose actions, without making comments about other participants' future actions. In sequential two-person games, we allow first movers to express a preference between responder choices. We find that responder behavior differs substantially...
Persistent link: https://www.econbiz.de/10014093709
The Dixit (1980) hypothesis that incumbents use investment in capacity to deter potential entrants has found little empirical support. Bagwell and Ramey (1996) propose a model where, in the unique game-theoretic prediction based on forward induction or iterated elimination of weakly-dominated...
Persistent link: https://www.econbiz.de/10014029630
We explore the effects of social distance in experiments conducted over the Internet on three continents, in classroom laboratory sessions conducted in Israel and Spain, and in computer sessions pairing participants from different states-one in Texas and the other in California. Our design...
Persistent link: https://www.econbiz.de/10014116419
We study games played between groups of players, where a given group decides which strategy it will play through a vote by its members. When groups consist of two voting players, our games can also be interpreted as network-formation games. In experiments on Stag Hunt games, we find a stark...
Persistent link: https://www.econbiz.de/10014073874
We study experimentally a two-stage compensation mechanism for promoting cooperation in prisoner's dilemma games. In stage 1, players simultaneously choose binding non-negative amounts to pay their counterparts for cooperating in a given prisoner's dilemma game, and then play the prisoner's...
Persistent link: https://www.econbiz.de/10014057940