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Author Cassar, Alessandra ♦ Rigdon, Mary
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword 3-node Network ♦ Networked Environment ♦ Multiple Seller ♦ General Hypothesis ♦ Main Question ♦ Laboratory Experiment ♦ Strategic Environment ♦ Monopolistic Seller ♦ Competition Upstream ♦ Monopsonistic Buyer ♦ 3-node Networked Market ♦ Multiple Buyer ♦ Network Structure ♦ Exogenous Network Structure ♦ Networked Version ♦ Competitive Side ♦ Information Crowd ♦ Cooperation Interact ♦ Bargaining Behavior ♦ Competition Downstream ♦ Investment Game ♦ Experimental Result ♦ Relativized Model
Abstract In this paper we focus on the interaction between exogenous network structure and bargaining behavior in a laboratory experiment. Our main question is how competition and cooperation interact in a strategic environment based on networked versions of the investment game. We focus on 3-node networked markets and vary the network structure to model competition upstream, where multiple sellers are paired with a monopsonistic buyer, and competition downstream, where a monopolistic seller is paired with multiple buyers. We describe two kinds of models of trust for such networked environments, absolute and relativized models, and use this structure to generate a general hypothesis about these environments: that information crowds in cooperation on the competitive side of the market. The experimental results support this hypothesis. JEL: C91, D00, L14 1
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article
Publisher Date 2009-01-01