Market Interaction and Efficient Cooperation
Jordi Brandts and
No 868, Working Papers from Barcelona Graduate School of Economics
We experimentally study causal effects of competitive market experience on efficiency levels attained in a subsequent social dilemma. We compare behavior of pairs of traders who have been market-winners with that of pairs who have been market- losers. We study both the cases where traders interacting in the social dilemma have competed with each other in the market before and where traders do not have a shared market experience. Shared market experience adversely affects efficiency in the social dilemma for both market-winner and market-loser pairs. Market-winners achieve higher efficiency levels in the social dilemma only if market experience is not shared.
Keywords: competition; cooperation; experiments (search for similar items in EconPapers)
JEL-codes: A13 C92 D30 J50 M50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm, nep-exp, nep-hap, nep-lab and nep-soc
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Working Paper: Market Interaction and Efficient Cooperation (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:bge:wpaper:868
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