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dc.contributor.authorHeggedal, Tom-Reiel
dc.contributor.authorHelland, Leif
dc.contributor.authorJoslin, Knut-Eric Neset
dc.date.accessioned2018-08-24T12:22:12Z
dc.date.available2018-08-24T12:22:12Z
dc.date.created2018-08-02T10:38:01Z
dc.date.issued2018
dc.identifier.citationJournal of Economic Behavior and Organization. 2018, 150(June), 86-97.nb_NO
dc.identifier.issn0167-2681
dc.identifier.issn1879-1751
dc.identifier.urihttp://hdl.handle.net/11250/2559263
dc.description.abstractWe experimentally investigate the impact of strategic uncertainty and complementarity on leader and follower behavior using the model of Farrell and Saloner (1985). At the core of the model are endogenous timing, irreversible actions and private valuations. We find that strategic complementarity strongly determines follower behavior. Once a subject decides to abandon the status quo the probability that other players jump on the bandwagon increases sharply. However, there is a reluctance to lead when leading is a conditional best response. We explain this deviation from the neo-classical equilibrium by injecting some noise in the equilibrium concept. We also find that cheap talk improves efficiency.nb_NO
dc.language.isoengnb_NO
dc.publisherElseviernb_NO
dc.titleShould I stay or should I go? Bandwagons in the labnb_NO
dc.title.alternativeShould I stay or should I go? Bandwagons in the labnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionacceptedVersionnb_NO
dc.source.pagenumber86-97nb_NO
dc.source.volume150nb_NO
dc.source.journalJournal of Economic Behavior and Organizationnb_NO
dc.identifier.doi10.1016/j.jebo.2018.03.019
dc.identifier.cristin1599437
dc.description.localcode2, Forfatterversjonnb_NO
cristin.unitcode158,3,0,0
cristin.unitnameInstitutt for samfunnsøkonomi
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.qualitycode2


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