We use a novel experimental design to reliably elicit subjects' strategies in an infinitely
repeated prisoner's dilemma experiment with perfect monitoring. We find that three simple …

In repeated games, where both collusive and noncollusive outcomes can be supported as
equilibria, it is crucial to understand the likelihood of selection for each type of equilibrium …

It is usually difficult for patients to compare out-of-pocket prices for medical services. What
are the implications for prices and welfare? In order to understand the effects of price …

This article studies experimentally to what extent subjects can cooperate in a dynamic
common pool game, where the stage game changes endogenously. Although efficiency can …

Game theory has become a standard tool for depicting and demonstrating various game‐
like phenomena by providing appropriate mathematical models and for analyzing and …

Most empirical work in economics has considered only a narrow set of measures as
meaningful and useful to characterize individual behavior, a restriction justified by the …

In this paper, we use a unique two-stage experiment that randomized access to school
vouchers across both markets and students in rural India to estimate the revealed …

In dynamic environments where the strategic setting evolves across time, the specific rule
governing the transitions can substantially alter the incentives agents face. This is …

We analyze a dynamic model of international environmental agreements where countries
cannot make long-term commitments or use sanctions or rewards to induce cooperation …

We extend a simple repeated, multilateral bargaining model to allow successful agenda
setters to hold on to power as long as they maintain the support of a majority of other …