Punishment strategies in repeated games: Evidence from experimental markets
Author
Abstract
Suggested Citation
DOI: 10.1016/j.geb.2013.06.012
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- repec:dgr:kubcen:200922 is not listed on IDEAS
- Jim Engle-Warnick & Robert Slonim, 2006.
"Inferring repeated-game strategies from actions: evidence from trust game experiments,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(3), pages 603-632, August.
- Jim Engle-Warnick & Robert L. Slonim, 2001. "Inferring Repeated Game Strategies From Actions: Evidence From Trust Game Experiments," Economics Papers 2001-W13, Economics Group, Nuffield College, University of Oxford.
- Jordi Brandts & Gary Charness, 2011. "The strategy versus the direct-response method: a first survey of experimental comparisons," Experimental Economics, Springer;Economic Science Association, vol. 14(3), pages 375-398, September.
- Charles F. Mason & Owen R. Phillips, 2002. "In Support of Trigger Strategies: Experimental Evidence from Two‐Person Noncooperative Games," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 11(4), pages 685-716, December.
- Friedman, James W. & Samuelson, Larry, 1990.
"Subgame perfect equilibrium with continuous reaction functions,"
Games and Economic Behavior, Elsevier, vol. 2(4), pages 304-324, December.
- Friedman, J.W. & Samuelson, L., 1988. "Subgame Perfect Equilibrium With Continuous Reaction Functions," Papers 4-88-3, Pennsylvania State - Department of Economics.
- Reinhard Selten & Michael Mitzkewitz & Gerald R. Uhlich, 1997. "Duopoly Strategies Programmed by Experienced Players," Econometrica, Econometric Society, vol. 65(3), pages 517-556, May.
- Samuelson, Larry, 1987. "Non-trivial subgame perfect duopoly equilibria can be supported by continuous reaction functions," Economics Letters, Elsevier, vol. 24(3), pages 207-211.
- Ernesto Reuben & Sigrid Suetens, 2012. "Revisiting strategic versus non-strategic cooperation," Experimental Economics, Springer;Economic Science Association, vol. 15(1), pages 24-43, March.
- Drew Fudenberg & David G. Rand & Anna Dreber, 2012.
"Slow to Anger and Fast to Forgive: Cooperation in an Uncertain World,"
American Economic Review, American Economic Association, vol. 102(2), pages 720-749, April.
- Rand, David G & Fudenberg, Drew & Dreber, Anna, 2012. "Slow to Anger and Fast to Forgive: Cooperation in an Uncertain World," Scholarly Articles 11223697, Harvard University Department of Economics.
- Garrod, Luke, 2012.
"Collusive price rigidity under price-matching punishments,"
International Journal of Industrial Organization, Elsevier, vol. 30(5), pages 471-482.
- Luke Garrod, 2011. "Collusive Price Rigidity under Price-Matching Punishments," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2011-14, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- James W. Friedman, 1971. "A Non-cooperative Equilibrium for Supergames," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(1), pages 1-12.
- Friedman James W. & Samuelson Larry, 1994.
"Continuous Reaction Functions in Duopolies,"
Games and Economic Behavior, Elsevier, vol. 6(1), pages 55-82, January.
- Friedman, J.W. & Samuelson, L., 1990. "Continuous Reaction Functions In Duopolies," Working papers 90-25, Wisconsin Madison - Social Systems.
- Fischbacher, Urs & Gachter, Simon & Fehr, Ernst, 2001.
"Are people conditionally cooperative? Evidence from a public goods experiment,"
Economics Letters, Elsevier, vol. 71(3), pages 397-404, June.
- Urs Fischbacher & Simon Gaechter & Ernst Fehr, "undated". "Are People Conditionally Cooperative? Evidence from a Public Goods Experiment," IEW - Working Papers 016, Institute for Empirical Research in Economics - University of Zurich.
- Abreu, Dilip, 1988. "On the Theory of Infinitely Repeated Games with Discounting," Econometrica, Econometric Society, vol. 56(2), pages 383-396, March.
- Christoph Engel, 2007.
"How Much Collusion? A Meta-Analysis Of Oligopoly Experiments,"
Journal of Competition Law and Economics, Oxford University Press, vol. 3(4), pages 491-549.
- Christoph Engel, 2006. "How Much Collusion. A Meta-Analysis On Oligopoly Experiments," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2006_27, Max Planck Institute for Research on Collective Goods.
- Pedro Dal Bo & Guillaume R. Frochette, 2011.
"The Evolution of Cooperation in Infinitely Repeated Games: Experimental Evidence,"
American Economic Review, American Economic Association, vol. 101(1), pages 411-429, February.
- Pedro Dal Bo & Guillaume R. Frechette, 2007. "The Evolution of Cooperation in Infinitely Repeated Games: Experimental Evidence," Working Papers 2007-7, Brown University, Department of Economics.
- Kalai, Ehud & Stanford, William, 1985. "Conjectural variations strategies in accelerated cournot games," International Journal of Industrial Organization, Elsevier, vol. 3(2), pages 133-152, June.
- Camera, Gabriele & Casari, Marco & Bigoni, Maria, 2012. "Cooperative strategies in anonymous economies: An experiment," Games and Economic Behavior, Elsevier, vol. 75(2), pages 570-586.
- Abreu, Dilip, 1986. "Extremal equilibria of oligopolistic supergames," Journal of Economic Theory, Elsevier, vol. 39(1), pages 191-225, June.
- Lu, Yuanzhu & Wright, Julian, 2010. "Tacit collusion with price-matching punishments," International Journal of Industrial Organization, Elsevier, vol. 28(3), pages 298-306, May.
- Gabriele Camera & Marco Casari, 2009. "Cooperation among Strangers under the Shadow of the Future," American Economic Review, American Economic Association, vol. 99(3), pages 979-1005, June.
- Margaret E. Slade, 1992. "Vancouver's Gasoline-Price Wars: An Empirical Exercise in Uncovering Supergame Strategies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(2), pages 257-276.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Paolo Crosetto & Alexia Gaudeul, 2014.
"Choosing whether to compete: Price and format competition with consumer confusion,"
Jena Economics Research Papers
2014-026, Friedrich-Schiller-University Jena.
- Gaudeul, Alexia & Crosetto, Paolo, 2016. "Choosing whether to compete: Price and format competition with consumer confusion," VfS Annual Conference 2016 (Augsburg): Demographic Change 145875, Verein für Socialpolitik / German Economic Association.
- Crosetto, P. & Gaudeul, A., 2014. "Choosing whether to compete: Price and format competition with consumer confusion," Working Papers 2014-08, Grenoble Applied Economics Laboratory (GAEL).
- Werner, Tobias, 2021. "Algorithmic and human collusion," DICE Discussion Papers 372, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Correia-da-Silva João & Pinho Joana & Vasconcelos Hélder, 2015. "How Should Cartels React to Entry Triggered by Demand Growth?," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 15(1), pages 209-255, January.
- Lijia Tan & Lijia Wei, 2014. "Special Section: Experiments on Learning, Methods, and Voting," Pacific Economic Review, Wiley Blackwell, vol. 19(3), pages 313-331, August.
- Stephen Martin, 2018.
"Behavioral antitrust,"
Chapters, in: Victor J. Tremblay & Elizabeth Schroeder & Carol Horton Tremblay (ed.), Handbook of Behavioral Industrial Organization, chapter 15, pages 404-454,
Edward Elgar Publishing.
- Stephen Martin, 2017. "Behavioral Antitrust," Purdue University Economics Working Papers 1297, Purdue University, Department of Economics.
- Schimit, P.H.T. & Santos, B.O. & Soares, C.A., 2015. "Evolution of cooperation in Axelrod tournament using cellular automata," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 437(C), pages 204-217.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lu, Yuanzhu & Wright, Julian, 2010. "Tacit collusion with price-matching punishments," International Journal of Industrial Organization, Elsevier, vol. 28(3), pages 298-306, May.
- Ernesto Reuben & Sigrid Suetens, 2012.
"Revisiting strategic versus non-strategic cooperation,"
Experimental Economics, Springer;Economic Science Association, vol. 15(1), pages 24-43, March.
- Reuben, E. & Suetens, S., 2009. "Revisiting Strategic versus Non-strategic Cooperation," Discussion Paper 2009-22, Tilburg University, Center for Economic Research.
- Reuben, E. & Suetens, S., 2009. "Revisiting Strategic versus Non-strategic Cooperation," Other publications TiSEM 4ed16b68-4a46-4565-a6ba-6, Tilburg University, School of Economics and Management.
- Reuben, Ernesto & Suetens, Sigrid, 2009. "Revisiting Strategic versus Non-Strategic Cooperation," IZA Discussion Papers 4107, Institute of Labor Economics (IZA).
- repec:tiu:tiucen:200922 is not listed on IDEAS
- repec:dgr:kubcen:200922 is not listed on IDEAS
- repec:dgr:kubcen:200833 is not listed on IDEAS
- repec:tiu:tiucen:200833 is not listed on IDEAS
- Takashi Kamihigashi & Taiji Furusawa, 2007. "Global Dynamics in Infinitely Repeated Games with Additively Separable Continuous Payoffs," Discussion Paper Series 210, Research Institute for Economics & Business Administration, Kobe University.
- Ghidoni, Riccardo & Suetens, Sigrid, 2019.
"Empirical Evidence on Repeated Sequential Games,"
Other publications TiSEM
ff3a441f-e196-4e45-ba59-c, Tilburg University, School of Economics and Management.
- Suetens, Sigrid & Ghidoni, Riccardo, 2019. "Empirical evidence on repeated sequential games," CEPR Discussion Papers 13809, C.E.P.R. Discussion Papers.
- Ghidoni, Riccardo & Suetens, Sigrid, 2019. "Empirical Evidence on Repeated Sequential Games," Discussion Paper 2019-016, Tilburg University, Center for Economic Research.
- Bigoni, Maria & Camera, Gabriele & Casari, Marco, 2013.
"Strategies of cooperation and punishment among students and clerical workers,"
Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 172-182.
- Maria Bigoni & Gabriele Camera & Marco Casari, 2012. "Strategies of Cooperation and Punishment among Students and Clerical Workers," Working Papers 12-29, Chapman University, Economic Science Institute.
- M. Bigoni & G. Camera & M. Casari, 2012. "Strategies of cooperation and punishment among students and clerical workers," Working Papers wp828, Dipartimento Scienze Economiche, Universita' di Bologna.
- Bigoni, Maria & Camera, Gabriele & Casari, Marco, 2012. "Strategies of Cooperation and Punishment among Students and Clerical Workers," IZA Discussion Papers 7051, Institute of Labor Economics (IZA).
- Garrod, Luke, 2012.
"Collusive price rigidity under price-matching punishments,"
International Journal of Industrial Organization, Elsevier, vol. 30(5), pages 471-482.
- Luke Garrod, 2011. "Collusive Price Rigidity under Price-Matching Punishments," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2011-14, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Camera, Gabriele & Casari, Marco & Bigoni, Maria, 2012. "Cooperative strategies in anonymous economies: An experiment," Games and Economic Behavior, Elsevier, vol. 75(2), pages 570-586.
- Jones, Matthew T., 2014. "Strategic complexity and cooperation: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 106(C), pages 352-366.
- Duffy, John & Xie, Huan, 2016.
"Group size and cooperation among strangers,"
Journal of Economic Behavior & Organization, Elsevier, vol. 126(PA), pages 55-74.
- John Duffy & Huan Xie, 2012. "Group Size and Cooperation among Strangers," Working Papers 12010, Concordia University, Department of Economics.
- Felix Kölle & Simone Quercia & Egon Tripodi, 2023.
"Social Preferences under the Shadow of the Future,"
Rationality and Competition Discussion Paper Series
406, CRC TRR 190 Rationality and Competition.
- Felix Kölle & Simone Quercia & Egon Tripodi, 2023. "Social Preferences under the Shadow of the Future," CESifo Working Paper Series 10534, CESifo.
- Maria Bigoni & Gabriele Camera & Marco Casari, 2019. "Cooperation among strangers with and without a monetary system," Working Papers 19-01, Chapman University, Economic Science Institute.
- Bigoni, Maria & Fort, Margherita, 2013.
"Information and learning in oligopoly: An experiment,"
Games and Economic Behavior, Elsevier, vol. 81(C), pages 192-214.
- Maria Bigoni, 2008. "Information and Learning in Oligopoly: an Experiment," "Marco Fanno" Working Papers 0072, Dipartimento di Scienze Economiche "Marco Fanno".
- M. Bigoni & M. Fort, 2013. "Information and Learning in Oligopoly: an Experiment," Working Papers wp860, Dipartimento Scienze Economiche, Universita' di Bologna.
- Bigoni, Maria & Fort, Margherita, 2013. "Information and Learning in Oligopoly: An Experiment," IZA Discussion Papers 7125, Institute of Labor Economics (IZA).
- Cason, Timothy N. & Mui, Vai-Lam, 2019.
"Individual versus group choices of repeated game strategies: A strategy method approach,"
Games and Economic Behavior, Elsevier, vol. 114(C), pages 128-145.
- Timothy N. Cason & Vai-Lam Mui, 2018. "Individual versus Group Choices of Repeated Game Strategies: A Strategy Method Approach," Purdue University Economics Working Papers 1312, Purdue University, Department of Economics.
- Timothy N. Cason & Vai-Lam Mui, 2019. "Individual versus Group Choices of Repeated Game Strategies: A Strategy Method Approach," Monash Economics Working Papers 01-19, Monash University, Department of Economics.
- Pablo Hernandez-Lagos & Dylan Minor & Dana Sisak, 2017.
"Do people who care about others cooperate more? Experimental evidence from relative incentive pay,"
Experimental Economics, Springer;Economic Science Association, vol. 20(4), pages 809-835, December.
- Pablo Hernandez & Dylan Minor & Dana Sisak, 2015. "Do People Who Care About Others Cooperate More? Experimental Evidence from Relative Incentive Pay," Harvard Business School Working Papers 16-040, Harvard Business School.
- Heller, Yuval & Tubul, Itay, 2023. "Strategies in the repeated prisoner’s dilemma: A cluster analysis," MPRA Paper 117444, University Library of Munich, Germany.
- Chowdhury Mohammad Sakib Anwar & Konstantinos Georgalos, 2024. "Position uncertainty in a sequential public goods game: an experiment," Experimental Economics, Springer;Economic Science Association, vol. 27(4), pages 820-853, September.
- David Gill & Yaroslav Rosokha, 2024.
"Beliefs, Learning, and Personality in the Indefinitely Repeated Prisoner's Dilemma,"
American Economic Journal: Microeconomics, American Economic Association, vol. 16(3), pages 259-283, August.
- Gill, David & Rosokha, Yaroslav, 2020. "Beliefs, learning, and personality in the indefinitely repeated prisoner’s dilemma," CAGE Online Working Paper Series 489, Competitive Advantage in the Global Economy (CAGE).
- David Gill & Yaroslav Rosokha, 2023. "Beliefs, learning, and personality in the indefinitely repeated prisoner's dilemma," Purdue University Economics Working Papers 1332, Purdue University, Department of Economics.
- Gill, David & Rosokha, Yaroslav, 2022. "Beliefs, Learning, and Personality in the Indefinitely Repeated Prisoner's Dilemma," IZA Discussion Papers 15492, Institute of Labor Economics (IZA).
- John Duffy & Félix Muñoz-García, 2012.
"Patience or Fairness? Analyzing Social Preferences in Repeated Games,"
Games, MDPI, vol. 3(1), pages 1-22, March.
- John Duffy & Felix Munoz-Garcia, 2009. "Patience or Fairness? Analyzing Social Preferences in Repeated Games," Working Papers 2009-12, School of Economic Sciences, Washington State University.
- Schubert, Jens, 2015. "The impact of forward contracting on tacit collusion: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 109-123.
- Mermer, Ayşe Gül & Müller, Wieland & Suetens, Sigrid, 2021.
"Cooperation in infinitely repeated games of strategic complements and substitutes,"
Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 1191-1205.
- Ayse Gül Mermer & Wieland Müller & Sigrid Suetens, 2016. "Cooperation in Indefinitely Repeated Games of Strategic Complements and Substitutes," Vienna Economics Papers vie1603, University of Vienna, Department of Economics.
More about this item
Keywords
Experiment; Cooperation; Tit-for-tat; Grim trigger strategy;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:gamebe:v:82:y:2013:i:c:p:91-102. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622836 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.