[go: up one dir, main page]

  EconPapers    
Economics at your fingertips  
 

Perfect versus imperfect observability---An experimental test of Bagwell's result

Steffen Huck and Wieland Mueller
Additional contact information
Wieland Mueller: Humboldt University Berlin

Authors registered in the RePEc Author Service: Wieland Müller

Experimental from University Library of Munich, Germany

Abstract: In a seminal paper Bagwell (1995) claims that the first mover advantage, i.e. the strategic benefit of committing oneself to an action before others can do, vanishes completely if this action is only imperfectly observed by second movers. In our paper we report on an experimental test of this prediction. We implement three versions of a game similar to an example^? given by Bagwell, each time varying the quality of the signal which informs the second mover. For experienced players we do not find empirical support for Bagwell's result. Instead, we find some support for the noisy Stackelberg equilibrium emphasised by van Damme and Hurkens (1997).

Keywords: commitment; first-mover advantage; imperfect observability; experimental economics (search for similar items in EconPapers)
JEL-codes: C9 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1998-04-17
New Economics Papers: this item is included in nep-exp and nep-gth
Note: Type of Document - ps; prepared on IBM PC; pages: 19 ; figures: included
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/exp/papers/9804/9804001.pdf (application/pdf)
https://econwpa.ub.uni-muenchen.de/econ-wp/exp/papers/9804/9804001.ps.gz (application/postscript)

Related works:
Journal Article: Perfect versus Imperfect Observability--An Experimental Test of Bagwell's Result (2000) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpex:9804001

Access Statistics for this paper

More papers in Experimental from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().

 
Page updated 2024-12-06
Handle: RePEc:wpa:wuwpex:9804001