dc.contributor.author | Barreda-Tarrazona, Iván | en |
dc.contributor.author | García-Gallego, Aurora | en |
dc.contributor.author | Georgantzís, Nikolaos | en |
dc.contributor.author | Ziros, Nicholas | en |
dc.creator | Barreda-Tarrazona, Iván | en |
dc.creator | García-Gallego, Aurora | en |
dc.creator | Georgantzís, Nikolaos | en |
dc.creator | Ziros, Nicholas | en |
dc.date.accessioned | 2021-01-25T09:10:04Z | |
dc.date.available | 2021-01-25T09:10:04Z | |
dc.date.issued | 2018 | |
dc.identifier.issn | 0167-2681 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/62932 | |
dc.description.abstract | In an experimental exchange market based on Shapley and Shubik (1977), two types of players with different preferences and endowments independently submit quantities of the goods they wish to exchange. In this context, although the Nash equilibria of the game involve zero or minimum trade, we obtain intense trade close to levels that maximize social welfare. Going a step forward, we implement communication within pairs of traders from the same (horizontal) and opposite (vertical) sides of the market. Overall, we find that horizontal communication tends to reduce bids whereas vertical communication has no effect. | en |
dc.language.iso | en | en |
dc.source | Journal of Economic Behavior & Organization | en |
dc.source.uri | http://www.sciencedirect.com/science/article/pii/S0167268118302634 | |
dc.title | Market games as social dilemmas | en |
dc.type | info:eu-repo/semantics/article | |
dc.identifier.doi | 10.1016/j.jebo.2018.09.015 | |
dc.description.volume | 155 | |
dc.description.startingpage | 435 | |
dc.description.endingpage | 444 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.source.abbreviation | Journal of Economic Behavior & Organization | en |
dc.contributor.orcid | Ziros, Nicholas [0000-0002-6485-1491] | |
dc.gnosis.orcid | 0000-0002-6485-1491 | |