[eng] The inefficiency of a chain of monopolies: an experimental study in a repeated-negotiation . situation by Alexis Garapin, Michel Hollard, Stéphane Robin and Bernard Ruffieux . Theory (bilateral monopoly, dual marginalisation) shows that a chain of monopolies is less efficient than an...

In a laboratory experiment we test three regulations imposed on a common-pool resource game with heterogeneous users: an access fee and subsidy scheme, transferable quotas and non-transferable quotas. We calibrate the game so that all regulations improve users’ profits compared to free-access...

[eng] We conduct a laboratory experiment to test three regulations imposed on a common-pool resource game : an access fee and subsidy system, transferable quotas , and non-transferable quotas. Theory predicts that they all reduce resource use from free access to the same target level without...