JURNAL EKONOMI KUANTITATIF TERAPAN : Experimental Economics on Firm’s Behavior: Entry Game Approach
The paper analyzes subject’s behavior in evolutionary process of entry game. The experiment is designed to analyze the behavior of the subject. The experiment is set in sequential entry games. Process of the game was conducted under asymmetric information, uncertainty, payoff perturbation and rand...
| Main Author: | I Wayan Sukadana, Amrita Nugraheni Saraswaty |
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| Format: | Jurnal |
| Language: | Bahasa Indonesia |
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Prodi Ekonomi Pembangunan, Universitas Udayana
2014
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| Subjects: | |
| Online Access: |
http://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=79121 |
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oai:lib.umy.ac.id:79121 |
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oai:lib.umy.ac.id:791212021-06-16T13:10:24ZJURNAL EKONOMI KUANTITATIF TERAPAN : Experimental Economics on Firm’s Behavior: Entry Game ApproachI Wayan Sukadana, Amrita Nugraheni SaraswatyEntry game Experiment Asymmetry information Lost aversionThe paper analyzes subject’s behavior in evolutionary process of entry game. The experiment is designed to analyze the behavior of the subject. The experiment is set in sequential entry games. Process of the game was conducted under asymmetric information, uncertainty, payoff perturbation and random matching. The subjects of the experiment were students of the Universitas Udayana, Bali, Indonesia. Subjects who play as new-entrance firms tend to choose “stay-out†strategy when the uncertainty and the amount of loss increase. Meanwhile, the subjects who play as an incumbent firm, which set to have more information about the game (market) rather than the new-entrances, most of the time abuse their position by choose “threat†strategy, which not a credible strategy for some of them. Experimental studies shows that New-entrance tend to weight more on lost when the risk increase (from risk averse setting to risk seeking setting), and tend to choose sure value over a lotteries although the expected value from lotteries is higher or the same. These findings support the reason that Indonesian youngsters tend to choose a job as a PNS or employee of existing firms. The results also support the reason that Indonesian businessman is more willing to open a new business if they have a guarantee for their losses.Prodi Ekonomi Pembangunan, Universitas Udayana2014Jurnal130-136ISBN:ISSN 2301-8968EKONOMI KUANTITATIF TERAPAN Tahun Vol. No. 2014 7 2 Bahasa Indonesiahttp://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=79121 |
| institution |
Universitas Muhammadiyah Yogyakarta |
| collection |
Perpustakaan Yogyakarta |
| language |
Bahasa Indonesia |
| topic |
Entry game Experiment Asymmetry information Lost aversion |
| spellingShingle |
Entry game Experiment Asymmetry information Lost aversion I Wayan Sukadana, Amrita Nugraheni Saraswaty JURNAL EKONOMI KUANTITATIF TERAPAN : Experimental Economics on Firm’s Behavior: Entry Game Approach |
| description |
The paper analyzes subject’s behavior in evolutionary process of entry game. The experiment is designed to analyze the behavior of the subject. The experiment is set in sequential entry games. Process of the game was conducted under asymmetric information, uncertainty, payoff perturbation and random matching. The subjects of the experiment were students of the Universitas Udayana, Bali, Indonesia. Subjects who play as new-entrance firms tend to choose “stay-out†strategy when the uncertainty and the amount of loss increase. Meanwhile, the subjects who play as an incumbent firm, which set to have more information about the game (market) rather than the new-entrances, most of the time abuse their position by choose “threat†strategy, which not a credible strategy for some of them. Experimental studies shows that New-entrance tend to weight more on lost when the risk increase (from risk averse setting to risk seeking setting), and tend to choose sure value over a lotteries although the expected value from lotteries is higher or the same. These findings support the reason that Indonesian youngsters tend to choose a job as a PNS or employee of existing firms. The results also support the reason that Indonesian businessman is more willing to open a new business if they have a guarantee for their losses. |
| format |
Jurnal |
| author |
I Wayan Sukadana, Amrita Nugraheni Saraswaty |
| author_sort |
I Wayan Sukadana, Amrita Nugraheni Saraswaty |
| title |
JURNAL EKONOMI KUANTITATIF TERAPAN : Experimental Economics on Firm’s Behavior: Entry Game Approach |
| title_short |
JURNAL EKONOMI KUANTITATIF TERAPAN : Experimental Economics on Firm’s Behavior: Entry Game Approach |
| title_full |
JURNAL EKONOMI KUANTITATIF TERAPAN : Experimental Economics on Firm’s Behavior: Entry Game Approach |
| title_fullStr |
JURNAL EKONOMI KUANTITATIF TERAPAN : Experimental Economics on Firm’s Behavior: Entry Game Approach |
| title_full_unstemmed |
JURNAL EKONOMI KUANTITATIF TERAPAN : Experimental Economics on Firm’s Behavior: Entry Game Approach |
| title_sort |
jurnal ekonomi kuantitatif terapan : experimental economics on firm’s behavior: entry game approach |
| physical |
130-136 |
| publisher |
Prodi Ekonomi Pembangunan, Universitas Udayana |
| publishDate |
2014 |
| url |
http://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=79121 |
| isbn |
ISBN:ISSN 2301-8968 |
| callnumber-raw |
EKONOMI KUANTITATIF TERAPAN Tahun Vol. No. 2014 7 2 |
| callnumber-search |
EKONOMI KUANTITATIF TERAPAN Tahun Vol. No. 2014 7 2 |
| _version_ |
1702754044641017856 |
| score |
14.79448 |