作者:Muller, WG; deLeon, ACMP
作者单位:University of London; London School Economics & Political Science
摘要:This paper deals with the application of optimal design theory in a typical experiment in economics. It describes general principles for conducting efficient experiments for model discrimination and illustrates the benefits of the techniques by an empirical comparison.
作者:Norman, G; Thisse, JF
作者单位:heSam Universite; Universite Pantheon-Sorbonne
摘要:We re-examine the economic justification for the regulation of firms' price policies. Existing analysis of the relative benefits of alternative pricing policies, by treating market structure as exogenous, loses an important trade-off Price deregulation leading to, for example, discriminatory pricing, on the one hand, enhances competition between incumbents but, on the other, acts as a strong deterrent against entry. We illustrate this trade-off by analysing the familiar address model of produc...
作者:Friedman, D
摘要:Evolutionary game theory informs the design and analysis of 26 experimental sessions using normal form games with 6-24: players. The state typically converges to the subset of Nash equilibria called evolutionary equilibria, especially under conditions of mean matching and history. Mixed strategy equilibria are explained better by 'purification' strategies than by homogenous independent individual randomisation. The risk dominance criterion fares poorly in some coordination game environments. W...