Current Position
  Assistant Professor

  Nanjing Audit University

Research Interests

  Experimental Economics

  Behavioural Economics

  Game Theory


  My research area is behavioral economics. I specialize in 

  continuous time experiments, which has been a growing and 

  promising research area in the last five years. My first paper

  has been published at Experimental Economics.

Job market paper



  "An Experimental Implementation of Cooperative Games"


I propose a continuous time frame to experimentally implement cooperative games. The proposed procedure is not restricted by the set of players or the characteristic function and can be applied to any cooperative game with transferable utility. A classic buyer-seller cooperative game is implemented as an example. In Treatment 1, any of the two buyers can form coalitions with any of the three sellers. In Treatment 2, Buyer 1 and Seller 1 cannot trade, i.e., the coalition including only Buyer 1 and Seller 1 contains zero payoffs. The two treatments have an identical theoretical prediction according to the core; Each buyer claims one unit of the payoff and each seller gets nothing. Results show that while buyers claim significantly higher amounts than sellers, sellers still keep a portion of the surplus. Moreover, one seller is usually left out and gets zero payoffs. The core correctly predicts the relative payoff differences within and between treatments, while the Shapley value correctly predicts the average payoffs over periods in Treatment 1.

Keywords: Continuous time, Cooperative game, Core, Shapley value, Laboratory experiment

JEL classification: C71 C92

Academic CV