Published 1992
| public
Journal Article
The Use of Experimental Economics in Strategy Research
- Creators
- Weigelt, Keith
- Camerer, Colin F.
- Hanna, Mark
Abstract
Experimental methods in economics are well-suited for strategy research. The control of the laboratory allows researchers to decouple confounding influences of decision and environmental variables. We review the basic tenets of the methodology, and illustrate how economic experiments have examined strategic behavior in three .different settings: Markets, games, and decisions. In markets we discuss contestability, multiple point competition, and information-based fads (or "mirages"). In games we discuss coordination, reputation-building, and committee decision making. In decisions we discuss compensation contracts and tournaments.
Additional Information
© 1992 JAI Press Inc. The authors wish to thank the Reginald H. Jones Center for Management Policy, Strategy, and Organization for its support.Additional details
- Eprint ID
- 22441
- Resolver ID
- CaltechAUTHORS:20110223-083409632
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2011-03-08Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field