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Link bidding in laboratory networks

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  • Cary Deck

    ()

  • Cathleen Johnson

    ()

Abstract

This paper presents the results of laboratory experiments that explore the network formation process. Performances of three institutions, each derived from theoretical models found in the literature, are compared. All three institutions are found to generate similar levels of efficiency. In hospitable environments, the institutions achieve 85% efficiency, but all three fail to generate any positive surplus when stress tested. Copyright Springer-Verlag Berlin/Heidelberg 2004

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File URL: http://hdl.handle.net/10.1007/s10058-003-0108-9
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Bibliographic Info

Article provided by Springer in its journal Review Economic Design.

Volume (Year): 8 (2004)
Issue (Month): 4 (04)
Pages: 359-372

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Handle: RePEc:spr:reecde:v:8:y:2004:i:4:p:359-372

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Web page: http://link.springer.de/link/service/journals/10058/index.htm

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Related research

Keywords: Network formation; experimental economics; institutional design;

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Citations

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Cited by:
  1. Sudipta Sarangi & Rajgopal Kannan & Lydia Ray, . "The Structure of Information Networks," Departmental Working Papers 2004-05, Department of Economics, Louisiana State University.
  2. Anna Contea & Daniela T. Di Cagno & Emanuela Sciubbad, 2011. "Behavioural patterns in social networks," Jena Economic Research Papers 2011-060, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  3. Charness, Gary & Feri, Francesco & Meléndez-Jiménez, Miguel A. & Sutter, Matthias, 2014. "Experimental Games on Networks: Underpinnings of Behavior and Equilibrium Selection," IZA Discussion Papers 8104, Institute for the Study of Labor (IZA).
  4. Alexander Elbittar & Rodrigo Harrison & Roberto Muñoz, 2007. "Network Structure in a Link-formation Game: An Experimental Study," Levine's Working Paper Archive 122247000000001708, David K. Levine.
  5. Rong Rong & Daniel Houser, 2012. "Growing Stars: A Laboratory Analysis of Network Formation," Working Papers 1035, George Mason University, Interdisciplinary Center for Economic Science, revised Oct 2012.
  6. Tomohiro Hayashida & Ichiro Nishizaki & Rika Kambara, 2014. "Simulation Analysis for Network Formulation," Computational Economics, Society for Computational Economics, vol. 43(3), pages 371-394, March.
  7. Michael Kosfeld, . "Network Experiments," IEW - Working Papers 152, Institute for Empirical Research in Economics - University of Zurich.
  8. Cassar, Alessandra & Rigdon, Mary, 2011. "Trust and trustworthiness in networked exchange," Games and Economic Behavior, Elsevier, vol. 71(2), pages 282-303, March.
  9. Huck, Steffen & Ruchala, Gabriele K. & Tyran, Jean-Robert, 2006. "Competition Fosters Trust," CEPR Discussion Papers 6009, C.E.P.R. Discussion Papers.
  10. Gary Charness & Francesco Feri & Miguel A. Meléndez-Jiménez & Matthias Sutter, 2014. "Experimental games on networks: Underpinnings of behavior and equilibrium selection," Working Papers 2014-14, Faculty of Economics and Statistics, University of Innsbruck.
  11. Harmsen-van Hout, Marjolein J.W. & Dellaert, Benedict G.C. & Herings, P. Jean-Jacques, 2008. "Behavorial Effects in Individual Decisions of Network Formation," Research Memorandum 019, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  12. Doğan, Gönül & van Assen, Marcel & Potters, Jan, 2013. "The effect of link costs on simple buyer–seller networks," Games and Economic Behavior, Elsevier, vol. 77(1), pages 229-246.
  13. Di Cagno, Daniela & Sciubba, Emanuela, 2010. "Trust, trustworthiness and social networks: Playing a trust game when networks are formed in the lab," Journal of Economic Behavior & Organization, Elsevier, vol. 75(2), pages 156-167, August.
  14. Pablo Brañas-Garza & Ramón Cobo-Reyes & Natalia Jiménez & Giovanni Ponti, 2005. "An experimental device to elicit social networks," ThE Papers 05/19, Department of Economic Theory and Economic History of the University of Granada..
  15. Takács, Károly, 2010. "Hálózati kísérletek
    [Network experiments]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 958-979.
  16. Holt, Charles A. & Johnson, Cathleen & Mallow, Courtney & Sullivan, Sean P., 2010. "Tragedy of the common canal," MPRA Paper 20838, University Library of Munich, Germany.
  17. Siegfried Berninghaus & Karl-Martin Ehrhart & Marion Ott & Bodo Vogt, 2007. "Evolution of networks—an experimental analysis," Journal of Evolutionary Economics, Springer, vol. 17(3), pages 317-347, June.

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