Modelling structural changes in the volatility process
Abstract
The tension between cooperation and competition that characterizes many business relationships is experimentally studied in a “pie”-creation game; value is created and increased through cooperation in a repeated prisoner’s dilemma game. At the end, the player with the greater stake in the joint pie decides on the division of the pie. Three treatments of the pie-creation game are considered: in the first treatment, rivals create the pie; in the second, non-rivals create the pie; finally, in the third, the pie is created by subjects who do not know about the future pie-division. The data show that the competition for the right to split the pie biases behaviors towards defection when subjects play with their rival.Download Info
If 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.Bibliographic Info
Paper provided by Luxembourg School of Finance, University of Luxembourg in its series LSF Research Working Paper Series with number 10-07.Length:
Date of creation: 2010
Date of revision:
Handle: RePEc:crf:wpaper:10-07
Contact details of provider:
Postal: 148, avenue de la Faïencerie, L-1511 Luxembourg
Phone: +352 46 66 44 6807
Fax: +352 46 66 44 6811
Email:
Web page: http://www.lsf.lu/eng
More information through EDIRC
Related research
Keywords: Competition; cooperation; co-opetition; ambiguously repeated prisoner’s dilemma; experimental economics.;This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-08-06 (All new papers)
- NEP-BEC-2010-08-06 (Business Economics)
- NEP-COM-2010-08-06 (Industrial Competition)
- NEP-ETS-2010-08-06 (Econometric Time Series)
- NEP-EXP-2010-08-06 (Experimental Economics)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Russell Cooper & Douglas V. DeJong & Thomas W. Ross, 1992.
"Cooperation without Reputation: Experimental Evidence from Prisoner's Dilemma Games,"
Papers
0036, Boston University - Industry Studies Programme.
- Cooper, Russell & DeJong, Douglas V. & Forsythe, Robert & Ross, Thomas W., 1996. "Cooperation without Reputation: Experimental Evidence from Prisoner's Dilemma Games," Games and Economic Behavior, Elsevier, vol. 12(2), pages 187-218, February.
- Cooper, R. & DeJong, D.W. & Ross, T.W., 1992. "Cooperation without Reputation: Experimental Evidence from Prisoner's Dilemma Games," Papers 36, Boston University - Industry Studies Programme.
Citations
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:crf:wpaper:10-07For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Caroline Herfroy).
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.