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King Solomon's dilemma: an experimental study on implementation
(Centro de Investigación y Docencia Económicas, División de Economía, 2010)
This paper reports an experiment conducted to compare two mechanisms that provide solutions to the King Solomon’s Dilemma. One of them is proposed by Moore (1992) and the other by Perry and Reny (1999). The objective of ...
Uniform-price auctions without exogenous uncertainty: an experimental study
(Centro de Investigación y Docencia Económicas, División de Economía, 2007)
This paper reports results of an experimental study of uniform multi-unit auctions in an environment of publicly known common values. We find that the bidding behavior exhibits two clear regularities: agents consistently ...
Network structure in a link-formation game: an experimental study
(Centro de Investigación y Docencia Económicas, División de Economía, 2007)
Network formation is frequently modeled using link-formation games and typically present a multiplicity of Nash equilibria. Cooperative refinements —such as strong or coalitional proof Nash equilibria— have been the standard ...