• openAccess   Catalog Competition: Theory and Experiments 

      Barreda-Tarrazona, Iván; García-Gallego, Aurora; Georgantzis, Nikolaos; Xefteris, Dimitris (2015-09-03)
      This paper studies a catalog competition game: two competing firms decide at the same time product characteristics and prices in order to maximize profits. Since Dasgupta and Maskin (1986) it is known that this one-shot ...
    • openAccess   Centralizing information improves market efficiency more than increasing information: Results from experimental asset markets 

      Barreda-Tarrazona, Iván; Grimalda, Gianluca; MORONE, ANDREA; Nuzzo, Simone; Teglio, Andrea (2017-09-07)
      We study the relationship between market efficiency and the distribution of private information in experimental financial asset markets. Traders receive imperfect signals over the real value of an asset. Agents can share ...
    • openAccess   Exchange markets with endogenous quality: When the lemons problem enchances trade 

      Barreda-Tarrazona, Iván; García-Gallego, Aurora; Georgantzis, Nikolaos; Mitrokostas, Evangelos; Jaber-Lopez, Tarek; Ziros, Nicholas (2016)
      A worrying feature of Akerlof’s (1970) model is that the existence of sufficiently many products of relatively low quality (“lemons”) in a market may not only drive those of high quality ...
    • openAccess   Punishment and disclosure probabilities in an experimental deception game 

      Behnk, Sascha; Barreda-Tarrazona, Iván; García-Gallego, Aurora Universidad de Navarra (2017-09-07)
      Previous findings have shown tha t punishment does not necessarily reduce deception i n principal agent - relationships . We shed further light on this issue by first identifying a ...