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The Interaction of Implicit and Explicit Contracts in Repeated Agency

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Abstract

This article deals with experimental games as they pertain to game theory. As such there is a natural distinction between experimentation with abstract games devoted to testing a specific hypothesis in game theory and games with a scenario from a discipline such as economics or political science where the game is presented in the context of some particular activity.

Suggested Citation

  • Martin Shubik, 1988. "The Interaction of Implicit and Explicit Contracts in Repeated Agency," Cowles Foundation Discussion Papers 891, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:891
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    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d08/d0891.pdf
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    References listed on IDEAS

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    4. Murnighan, J Keith & Roth, Alvin E & Schoumaker, Francoise, 1988. "Risk Aversion in Bargaining: An Experimental Study," Journal of Risk and Uncertainty, Springer, vol. 1(1), pages 101-124, March.
    5. Roth, Alvin E & Murnighan, J Keith, 1982. "The Role of Information in Bargaining: An Experimental Study," Econometrica, Econometric Society, vol. 50(5), pages 1123-1142, September.
    6. Roth, Alvin E & Murnighan, J Keith & Schoumaker, Francoise, 1988. "The Deadline Effect in Bargaining: Some Experimental Evidence," American Economic Review, American Economic Association, vol. 78(4), pages 806-823, September.
    7. Kagel, John H, et al, 1975. "Experimental Studies of Consumer Demand Behavior Using Laboratory Animals," Economic Inquiry, Western Economic Association International, vol. 13(1), pages 22-38, March.
    8. R. J. Aumann & M. Maschler, 1972. "Some Thoughts on the Minimax Principle," Management Science, INFORMS, vol. 18(5-Part-2), pages 54-63, January.
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    11. Roth,Alvin E. (ed.), 1988. "Laboratory Experimentation in Economics," Cambridge Books, Cambridge University Press, number 9780521333924, November.
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    13. J. W. Friedman, 1969. "On Experimental Research in Oligopoly," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(4), pages 399-415.
    14. Hoffman, Elizabeth & Spitzer, Matthew L, 1982. "The Coase Theorem: Some Experimental Tests," Journal of Law and Economics, University of Chicago Press, vol. 25(1), pages 73-98, April.
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    17. Martin Shubik, 1979. "Cooperative Game Solutions: Australian, Indian and U.S. Opinions," Cowles Foundation Discussion Papers 517, Cowles Foundation for Research in Economics, Yale University.
    18. A. C. Hoggatt, 1969. "Response of Paid Student Subjects to Differential Behaviour of Robots in Bifurcated Duopoly Games," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(4), pages 417-432.
    19. Roth, Alvin E & Schoumaker, Francoise, 1983. "Expectations and Reputations in Bargaining: An Experimental Study," American Economic Review, American Economic Association, vol. 73(3), pages 362-372, June.
    20. Roth, Alvin E, 1988. "Laboratory Experimentation in Economics: A Methodological Overview," Economic Journal, Royal Economic Society, vol. 98(393), pages 974-1031, December.
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    Cited by:

    1. David G. Pearce, 1991. "Repeated Games: Cooperation and Rationality," Cowles Foundation Discussion Papers 983, Cowles Foundation for Research in Economics, Yale University.

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