A5041213119- Experimental Behavioral Economics Studies
- Auction Theory and Applications
- Supply Chain and Inventory Management
- Game Theory and Applications
- Law, Economics, and Judicial Systems
- Decision-Making and Behavioral Economics
- Game Theory and Voting Systems
- Financial Literacy, Pension, Retirement Analysis
- Corporate Finance and Governance
- Culture, Economy, and Development Studies
- Evolutionary Game Theory and Cooperation
- Perfectionism, Procrastination, Anxiety Studies
- Sports Analytics and Performance
- Supply Chain Resilience and Risk Management
- Housing Market and Economics
- Consumer Market Behavior and Pricing
- Forecasting Techniques and Applications
- Merger and Competition Analysis
- Sustainable Supply Chain Management
- Economic Policies and Impacts
- Economic theories and models
- Firm Innovation and Growth
- Corporate Taxation and Avoidance
- Economic and Environmental Valuation
- Working Capital and Financial Performance
The University of Texas at Dallas
2014-2024
Newcastle University
2020
New York University
2004-2014
National Bureau of Economic Research
2014
Maastricht University
2012-2013
Southern Methodist University
2007-2012
Ecolab (United States)
2009
Nash equilibrium can be interpreted as a steady state where players hold correct beliefs about the other players' behavior and act rationally. We experimentally examine process that leads to this state. Our results indicate some emerge teachers—those subjects who, by their actions, try influence of opponent lead way more favorable outcome—and presence teachers appears facilitate convergence equilibrium. In addition our experiments, we games, with different properties, from experiments show...
Over the last two decades, researchers in operations management have increasingly leveraged laboratory experiments to identify key behavioral insights. These inform theories of management, impacting domains including inventory, supply chain queuing, forecasting, and sourcing. Yet, until now, replicability most insights from these has been untested. We remedy this with first large-scale replication study management. With input wider community, we 10 prominent experimental papers published...
Does competition affect moral behavior? This fundamental question has been debated among leading scholars for centuries, and more recently, it tested in experimental studies yielding a body of rather inconclusive empirical evidence. A potential source ambivalent results on the same hypothesis is design heterogeneity-variation true effect sizes across various reasonable research protocols. To provide further evidence whether affects behavior to examine generalizability single study...
Journal Article Coalition Formation with Binding Agreements Get access Kyle Hyndman, Hyndman Southern Methodist University Search for other works by this author on: Oxford Academic Google Scholar Debraj Ray New York The Review of Economic Studies, Volume 74, Issue 4, October 2007, Pages 1125–1147, https://doi.org/10.1111/j.1467-937X.2007.00450.x Published: 01 2007 history Received: November 2005 Accepted: January
We study the impact of multidimensional bargaining and location inventory risk on performance a two-stage supply chain. conduct controlled human subjects experiment where retailer supplier either interact through ultimatum offers or dynamically bargain over contract terms, including wholesale price and, potentially, an order quantity. also manipulate whether associated with unsold lies is endogenously determined in process. One key insight that chain efficiency significantly higher when...
We investigate the efficacy of monetary and relational incentives for managing quality a product in two-tier supply chain. In our setting, retailer offers supplier contract terms product, where can be low or high quality. The choose to exert effort, which is costly but guarantees quality, does not assure with certainty. compare how incentives, such as bonus that paid when received by retailer, two parties engaging long-term relationship there threat punishment, affect overall chain...
We study how three matching institutions, differing in relationships are dissolved, affect cooperation a repeated prisoner’s dilemma and rates affected by the presence of reputation mechanism. Although is theoretically sustainable under all we show experimentally that lowest random matching, highest fixed intermediate flexible institution, where subjects have option to dissolve relationships. Our results also suggest important interactions between institution Under both subjective (based on...
We study the problem of a two-firm supply chain in which firms simultaneously choose capacity before demand is realized. focus on role that private information about has firms' ability to align their decisions. When forecasts are information, there at most two equilibria: complete coordination failure or monotone equilibrium. The former equilibrium always exists, whereas latter exists only when marginal cost sufficiently low. also show both truthful sharing and preplay communication have an...
We study procrastination in the context of a field experiment involving students who must exert costly effort to complete certain tasks by fixed deadline.Descriptively, we document strong demand for commitment, form self-imposed deadlines, which appear be associated with students' self-reported psychological characteristics and cost time.We structurally estimate present-bias time fitting experimental data stylized stopping choice model.We find that is relatively widespread but having...
This paper provides a test of theory social learning through endogenous information acquisition. A group subjects face decision problem under uncertainty. Subjects are endowed with private about the fundamentals and make decisions sequentially. The key feature experiment is that can observe predecessors by forming links at cost. model predicts average welfare enhanced in presence small Our experimental results support this prediction. When informativeness signals changes across treatments,...
Problem definition: We compare two types of contracts that can govern business partnerships: indefinitely binding agreements (IBAs), wherein partners are bound together in a relationship indefinite duration, and temporarily (TBAs), they able to dissolve the at any moment. Academic/practical relevance: Managers need determine what type contract want engage with their partners. Although Toyota famously argues for building strong, long-lasting relationships its suppliers, such commitment makes...
Problem definition: We conduct a controlled human-subjects experiment in two-tier supply chain where supplier’s per-unit production cost may be private information while bargaining with buyer. Academic/practical relevance: Academically, studies often assume full-information or highly structured bargaining. consider dynamic, unstructured In practice, buyer not know its exactly and interact supplier back-and-forth environment. Thus, understanding how affects both outcomes is new to the...
We study an original equipment manufacturer (OEM) purchasing two inputs for assembly from suppliers with private cost information. The OEM can contract the either simultaneously or sequentially. consider both cases in which has relatively equal bargaining power (the dynamic institution) substantial mechanism design institution). For institution, we show that sequential bargaining, supply chain profit is higher, earns a lower profit, first supplier higher and second may earn than compared...
In this article, we study behavior in a series of two‐player supply chain game experiments. Each player simultaneously chooses capacity before demand is realized, and sales are given by the minimum realized chosen capacities. We focus on differences under fixed pairs random rematching. Intuition suggests that long‐run relations should lead to more profitable outcomes. However, our results go against intuition. While subjects' choices better aligned (i.e., closer together) pairs, average...
In 2008, Industry Canada auctioned 105 MHz of spectrum to a group bidders that included incumbents and potential new entrants into the Canadian mobile phone market, raising $4.25 billion. an effort promote entry, 40 was set‐aside for entrants. order estimate implicit cost provision, we parameters bidders' profit function via maximum match estimator based on notion pairwise stability in matches. We find all telecommunications firms valued both geographic complementarities across auction...