The quality of the signal matters -- a note on imperfect observability and the timing of moves
AbstractIn a recent study Huck and MÃ¼ller (1998) report that--in contrast to Bagwell's (1995) prediction--first movers in a simple experimental market do not lose their commitment power in the presence of noise. The present note shows that it is the quality of the signal and not the knowledge about the physical timing of moves that is responsible for these experimental results. Additionally, the findings reported here provide further evidence that the positional order protocol cannot induce non--equilibrium play.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 45 (2001)
Issue (Month): 1 (May)
Contact details of provider:
Web page: http://www.elsevier.com/locate/jebo
Other versions of this item:
- W. Müller, 1999. "The quality of the signal matters - A note on imperfect observability and the timing of moves," SFB 373 Discussion Papers 1999,17, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- Wieland Müller, 1999. "The quality of the signal matters - A note on imperfect observability and the timing of moves," Experimental 9902001, EconWPA.
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Güth, W. & Müller, W. & Spiegel, Y., 2006.
"Noisy leadership: An experimental approach,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-193643, Tilburg University.
- Hildenbrand, Andreas, 2010. "Cournot or Stackelberg competition? A survey on experimental evidence," MPRA Paper 24468, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.