Coordination through Reputations: A Laboratory Experiment
نویسندگان
چکیده
منابع مشابه
Coordination through Reputations: A Laboratory Experiment
One of the functions of reputations in societies is to enable coordination, and some of the most familiar instances of this occur when reputations are based on past actions. For example, a history of aggressive play is often interpreted as predicting more aggressive play in the future. This permits a pair of individuals with unequal reputations for aggressiveness to avoid wasteful conßict that ...
متن کاملSimultaneous Auctions of Imperfect Goods by Sellers of Different Reputations: An Analytical Model and Laboratory Experiment
Internet auction sites have evolved into markets where commodity goods such as electronics or DVDs are traded. Often several auctions for very similar (if not identical) items run simultaneously, and unit-demand bidders must adopt global multi-auction bidding strategies. Despite the increasing practical importance of such markets, there is relatively little theory on how unit-demand bidders sho...
متن کاملLinking Reputations through Umbrella Branding
This paper develops a theory of umbrella branding as a way to link the reputations of otherwise unrelated products. My analysis predicts that umbrella branding can credibly signal positive correlation between the qualities of the included products to consumers, but cannot certify high quality or signal negative quality correlation. Moreover, whenever umbrella branding signals perfect positive q...
متن کاملA Classroom Investment Coordination Experiment
In this classroom experiment students represent firms that make investment decisions.They play a repeated game with each firm privately choosing its level of investment. Participating in the experiment helps students understand theories that posit coordination failure as the cause of economic fluctuations. Students see that when firms expect a recession, their resulting low levels of investment...
متن کاملGas migration through cement slurries analysis: A comparative laboratory study
Cementing is an essential part of every drilling operation. Protection of the wellbore from formation fluid invasion is one of the primary tasks of a cement job. Failure in this task results in catastrophic events, such as blow outs. Hence, in order to save the well and avoid risky and operationally difficult remedial cementing, slurry must be optimized to be resistant against gas migration phe...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2002
ISSN: 0899-8256
DOI: 10.1006/game.2001.0851