An experiment on subjective game valuations

We report experimental results on a prisoners' dilemma implemented in a way which allows us to elicit incentive-compatible valuations of the game. We test the hypothesis that players'' valuations coincide with their Nash equilibrium earnings. Our results offer significantly less support for this hypothesis than for the prediction of Dominant Strategy (DS) play.

Market Transparency and Collusion: On the UK Agricultural Tractor Registration Exchange

anticompetitive practices, promotional effort, market transparency, price collusion,