Theories of industrial organization (IO) are tested in the laboratory more and more often. The example we consider throughout the paper is oligopoly theory, specifically, the Cournot and the Stackelberg model of duopolistic quantity competition with homogeneous products. These models have often...

Für ihr Dezember-Heft 2013 testete Stiftung Warentest unter anderem Nuss-Schokoladen. Die Voll-Nuss-Schokolade von Ritter Sport erhielt die Note „mangelhaft“. Stiftung Warentest begründete die mangel-hafte Note nicht mit schlechter Qualität, sondern mit irreführender Etikettierung. Der...

A monopolist is treated as a nexus of contracts with team production. It has one owner-manager who is the employer of two employees. A team production problem is present if the employer is a “managerial lemon.” If the team production problem is solved, the employer is a “managerial...