英文摘要 |
This experimental study aims to examine the end-game effects of prisoner’s dilemma games presented in a form of Bertrand competition with the face-to-face versus anonymity treatments in a repeated game. Our experimental findings are summarized as follows. First, it is found that firm's decisions to defect in the face-to-face condition are statistically different from that in the anonymous condition. Specifically, the frequencies of firm's defections in the face-to-face condition are significantly less than the ones in the anonymous condition. Second, the results also confirm the end-effects as predicted by the reputation model in which cooperation occurs in early rounds of the game and then is followed by defection in rest of rounds in a finitely repeated game under the anonymity condition. However, the end-game effects are attenuated under the face-to-face condition. |