Market interaction and efficient cooperation

B-Tier
Journal: European Economic Review
Year: 2020
Volume: 121
Issue: C

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We experimentally study causal effects of competitive experience in markets with a short and a long side on efficiency levels attained in a subsequent social dilemma. We find that market experience affects efficiency when traders previously competed in the same market on the same side. The effect is strong for market-loser pairs and also exists for market-winner pairs, albeit to a lesser extent. Cooperation efficiency is unaffected for pairs consisting of a market-winner and a market-loser. When traders did not interact on the same market before, efficiency of cooperation is higher for market-winner pairs, but only in the short run.

Technical Details

RePEc Handle
repec:eee:eecrev:v:121:y:2020:i:c:s001429211930176x
Journal Field
General
Author Count
2
Added to Database
2026-01-24