In a hold-up experiment designed to test theoretical predictions following from Hart and deMeza and Lockwood regarding investment behavior, Sonnemans, Oosterbeek and Sloof (SOS) find only a partial confirmation of theory. According to SOS these deviations from standard theory can be explained by...

Der Governancekosten- und der Property-Rights-Ansatz haben sich als Erklärungsmuster der strategischen Entscheidung über Kaufen oder Selbermachen im ökonomischen Mainstream auf breiter Front durchgesetzt. Allerdings sprechen empirische Befunde und theoretische Überlegungen dafür, diese...

Summary On a product market costumers’ search costs bring about a kink in a firm’s conjectural demand curve. As a consequence different unemployment regimes are derived from different kinds of labor markets. Then the effects of demand policy are analyzed. In case of static expectations...

Summary This paper is about conscious parallelism in a duopoly with differentiated products. Conscious parallelism is modelled by a “policy of fixed relative prices” (frp) i. e. starting from a competitive equilibrium both duopolists vary prices by the same percentage. This price increasing...