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Team selection with asymmetric agents

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  • Sherstyuk, Katerina

Abstract

In shallow markets where there are mutual gains from cooperation among agents, collusive behavior may occur even if it does not constitute a Nash equilibrium. Yet, such behavior is rarely sustainable. Bolle (1994) reports the results of one period team selection experiments in which subjects often did not follow the Nash equilibrium behavior but engaged in "tacit collusion". We test the robustness of Bolle's findings by introducing asymmetry into subjects' characteristics and repeating the experiment for a number of periods.
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  • Sherstyuk, Katerina, 1999. "Team selection with asymmetric agents," Journal of Economic Behavior & Organization, Elsevier, vol. 38(4), pages 421-452, April.
    • Handle: RePEc:eee:jeborg:v:38:y:1999:i:4:p:421-452
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    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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