Games and Economic Behavior

最新文章

• Consumers' privacy choices in the era of big data AI翻译
  作者：Dengler, Sebastian; Prufer, Jens
  作者单位：Tilburg University
  摘要：Recent progress in information technologies provides sellers with detailed knowledge about consumers' preferences, approaching perfect price discrimination in the limit. We construct a model where consumers with less strategic sophistication than the seller's pricing algorithm face a trade-off when buying. They choose between a direct, transaction cost-free sales channel and a privacy-protecting, but costly, anonymous channel. We show that the anonymous channel is used even in the absence of a...
• Co-worker altruism and unemployment AI翻译
  作者：Vasquez, Jorge; Weretka, Marek
  作者单位：Wesleyan University; University of Wisconsin System; University of Wisconsin Madison
  摘要：It is well-known that social relationships and altruism among workers foster cooperation in the workplace and, therefore, may have beneficial effects for firms. Yet it is unclear how and to what extent co-worker altruism impacts labor market outcomes. In this paper, we find that, although co-worker altruism may be seamless in good times, it may impact the functioning of labor markets during bad times. Specifically, co-worker altruism may potentially lead to wage rigidity and involuntary unempl...
• Collective intertemporal decisions and heterogeneity in groups AI翻译
  作者：Glaetzle-Ruetzler, Daniela; Lergetporer, Philipp; Sutter, Matthias
  作者单位：University of Innsbruck; Technical University of Munich; Leibniz Association; Ifo Institut; Leibniz Association; Ifo Institut; Max Planck Society; University of Cologne; University of Innsbruck; IZA Institute Labor Economics
  摘要：Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group members' heterogeneous payoffs from waiting on intertemporal choices. We find that three-person groups behave more patiently than individuals. This effect stems from the presence of at least one group mem...
• The multiplayer Colonel Blotto game AI翻译
  作者：Boix-Adsera, Enric; Edelman, Benjamin L.; Jayanti, Siddhartha
  作者单位：Massachusetts Institute of Technology (MIT); Harvard University; Massachusetts Institute of Technology (MIT)
  摘要：We initiate the study of the natural multiplayer generalization of the classic continuous Colonel Blotto game. The two-player Blotto game, introduced by Borel (1953) as a model of resource competition across n simultaneous fronts, has been studied extensively for a century and has seen numerous applications throughout the social sciences. Our work defines the multiplayer Colonel Blotto game and derives Nash equilibria for various settings of k (number of players) and n. We also introduce a Boo...
• Implementation in largest consistent set via rights structures AI翻译
  作者：Korpela, Ville; Lombardi, Michele; Vartiainen, Hannu
  作者单位：University of Turku; University of Glasgow; University of Naples Federico II; University of Helsinki
  摘要：The designer's exercise consists of designing a rights structure that formalizes the idea of power distribution in society. A solution is implementable in largest consistent set by a rights structure if there exists a rights structure such that for each preference profile, the largest consistent set of the game played by agents coincides with the set of outcomes that the solution would select for it. In a setting with transfers, every Maskin monotonic solution is implementable. This finding im...
• Who benefits from corporate social responsibility? Reciprocity in the presence of social incentives and self-selection AI翻译
  作者：Briscese, Guglielmo; Feltovich, Nick; Slonim, Robert L.
  作者单位：University of Chicago; University of Sydney; Monash University
  摘要：Firms can donate a share of profits to charity as a form of corporate social responsibility (CSR). Recent experiments have found that such initiatives can induce higher effort by workers, generating benefits for both sides of the labour market. We design a novel version of the gift-exchange game to account for self-selection, and find that wages remain the most effective incentive to attract and motivate workers, with corporate donations playing a smaller role than previously suggested. We als...
• Sequential round-robin tournaments with multiple prizes AI翻译
  作者：Laica, Christoph; Lauber, Arne; Sahm, Marco
  作者单位：Otto Friedrich University Bamberg; Leibniz Association; Ifo Institut
  摘要：We examine the fairness and intensity of sequential round-robin tournaments with multiple prizes and heterogeneous players. A tournament is called fair if the winning probabilities in each match depend only on the players' characteristics but not on the sequence of matches. We show that tournaments with three players will be fair if and only if the second prize is valued half of the first prize. The optimal prize structure may, however, be subject to a trade-off between fairness and intensity ...
• Distributional preferences explain individual behavior across games and time AI翻译
  作者：Hedegaard, Morten; Kerschbamer, Rudolf; Mueller, Daniel; Tyran, Jean-Robert
  作者单位：University of Copenhagen; University of Innsbruck; University of Munich; University of Vienna
  摘要：We use a large and heterogeneous sample of the Danish population to investigate the importance of distributional preferences for behavior in a trust game and a public good game. We find robust evidence for the significant explanatory power of distributional preferences. In fact, compared to twenty-one covariates, distributional preferences turn out to be the single most important predictor of behavior. Specifically, subjects who reveal benevolence in the domain of advantageous inequality are m...
• Bargains, price signaling, and efficiency in markets with asymmetric information AI翻译
  作者：Schneider, Mark; Stephenson, Daniel Graydon
  摘要：We experimentally investigate bargains, price signaling, and efficiency in markets with asymmetric information where some buyers are informed and some sellers are informed. We show that all perfect Bayesian equilibria where transactions occur under known gains from trade fall into one of two categories. In some cases, uninformed sellers charge high prices but uninformed buyers are only willing to pay low prices. Otherwise, uninformed sellers charge low prices and uninformed buyers are willing ...
• Stress-testing the runoff rule in the laboratory AI翻译
  作者：Tsakas, Nikolas; Xefteris, Dimitrios
  作者单位：University of Cyprus
  摘要：When a majority of voters has common values, but private information, then the runoff rule always admits an equilibrium that aggregates information strictly better than any equilibrium of the plurality rule. But there are cases in which the plurality rule supports equilibria that aggregate information strictly better compared to certain undominated equilibria of the runoff rule. Is there any risk with applying the runoff rule in these situations? We conduct a laboratory experiment and we show ...