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The Use of Experimental Economics in Strategy Research

Weigelt, Keith and Camerer, Colin F. and Hanna, Mark (1992) The Use of Experimental Economics in Strategy Research. Advances in Strategic Management, 8 . pp. 163-200. ISSN 0742-3322.

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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.

Item Type:Article
Camerer, Colin F.0000-0003-4049-1871
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.
Record Number:CaltechAUTHORS:20110223-083409632
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:22441
Deposited By: Tony Diaz
Deposited On:08 Mar 2011 23:21
Last Modified:03 Oct 2019 02:37

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