7. Decision time and steps of reasoning in a competitive market entry game
Date: 2013-07
By: Florian Lindner
URL:
http://d.repec.org/n?u=RePEc:inn:wpaper:2013-19&r=exp
Entry decisions in market entry games usually depend on the belief about how many others are entering the market, the belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these basic results and examine two further dimensions: (i) the level of strategic sophistication, which has a positive impact on entry decisions, and (ii) the impact of time pressure, which has a (partly) negative influence on entry rates. Furthermore, when ranks are determined using a real effort task, differences in entry rates are explainable by higher competitiveness of males. Additionally, I show that individual characteristics are more important for the entry decision in more competitive environments.
Keywords: Market entry game, Time pressure, Level-k reasoning, Risk, Competitiveness, Experiment
JEL: C72
Using elicitation mechanisms to estimate the demand for nutritious maize: Evidence from experiments in rural Ghana
Date: 2013
By: Banerji, A.
Chowdhury, Shyamal K.
de Groote, Hugo
Meenakshi, Jonnalagadda V.
Haleegoah, Joyce
Ewoo, Manfred
URL:
http://d.repec.org/n?u=RePEc:fpr:harvwp:10&r=exp
In this paper we assess (a) consumersâ