In many bargaining environments there are random delays in the transmission of proposals. Two computerized bargaining experiments are designed to study behavior with this condition. A clock starts counting down from three minutes when the first offer is sent. In one experiment the clock is not...

This paper reports the results of several experiments investigating dynamic consumer behavior. When consumers know their incomes and prices but are uncertain about their preferences, the authors find that they typically adopt a two-step approach to locating optimal consumption bundles....

This paper reports forty-five laboratory duopoly markets that examine the importance of information sharing in facilitating tacit collusion under conditions of demand uncertainty. Sellers in these repeated laboratory markets generally shared information when possible to reduce their demand...