Roux, Catherine; Santos-Pinto, Luís; Thöni, Christian - Départment d'économétrie et d'économie politique … - 2015
We explore the role played by trade costs for the home bias in trade. In a series of Cournot duopoly experiments with a … home bias turns out to be, however, stronger than that predicted by theory, and it even occurs without trade costs. We have … strong evidence that collusion contributes to the home bias observed in our experiment. …