search query: @indexterm Economic behaviour / total: 184
reference: 35 / 184
| Author: | Sherstuyk, K. |
| Title: | Team selection with asymmetric agents |
| Journal: | Journal of Economic Behavior and Organization
1999 : APR, VOL. 38:4, p. 421-452 |
| Index terms: | ECONOMIC BEHAVIOUR ORGANIZATION TEAM WORK |
| Language: | eng |
| Abstract: | In shallow markets where there are mutual gains from cooperation among agents, collusive behavior may occur even if it does not constitute a Nash equilibrium. Yet, such behavior is rarely sustainable. Bolle (1994) reports the results of one-period team selection experiments in which subject often did not follow the Nash equilibrium behavior but engaged in tact collusion. The author finds that collusion is not sustainable and the outcomes converge to levels close to the Nash equilibrium. |
SCIMA