Market interaction and efficient cooperation
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...
Paper Details
Title
Market interaction and efficient cooperation
Published Date
Jan 1, 2020
Journal
Volume
121
Pages
103318 - 103318
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