This article reports the results of a laboratory experiment that examines the strategic effect of forward contracts on … competition. The experiment provides a first simultaneous test of these rival effects. Contrary to previous experimental studies …

potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …

This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the …

contest experiments: (i) overbidding relative to the standard Nash equilibrium prediction and (ii) heterogeneous behavior of … ex-ante symmetric contestants. Based on the sample of contest experiments that we review, the median overbidding rate is …

This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …

In this paper we present an experiment in which we test the effects of sequential entry on the stability of collusion … in oligopoly markets. Theoretical as well as experimental research suggests that a larger number of firms in an industry …