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Action revision, information and collusion in an experimental duopoly market

Roy, Nilanjan - 2017

We report on an experiment designed to study a dynamic model of quantity competition where firms continuously revise …

Persistent link: https://www.econbiz.de/10015254958

When Do Large Buyers Pay Less? Experimental Evidence

Ruffle, Bradley J. - 2009

The rise in mega-retailers has contributed to a growing literature on buyer power and large-buyer discounts. According to Rotemberg and Saloner (1986) and Snyder (1998), large buyers' ability to obtain price discounts depends on their relative (rather than absolute) size and the degree of...

Persistent link: https://www.econbiz.de/10015217818

Behavioral economics as applied to firms: a primer

Armstrong, Mark; Huck, Steffen - 2010

We discuss the literatures on behavioral economics, bounded rationality and experimental economics as they apply to firm behavior in markets. Topics discussed include the impact of imitative and satisficing behavior by firms, outcomes when managers care about their position relative to peers,...

Persistent link: https://www.econbiz.de/10015220210

Entry in Collusive Markets: An Experimental Study

Goppelsroeder, Marie - 2009

In this paper we present an experiment in which we test the effects of sequential entry on the stability of collusion …

Persistent link: https://www.econbiz.de/10015216539

The Effect of Payoff Tables on Experimental Oligopoly Behavior

Gürerk, Özgür; Selten, Reinhard - 2010

, particularly in the initial phase of the experiment. In the presence of payoff tables, subjects tend to be more cooperative. As a …

Persistent link: https://www.econbiz.de/10015221449

The effect of payoff tables on experimental oligopoly behavior

Gürerk, Özgür; Selten, Reinhard - 2010

, particularly in the initial phase of the experiment. In the presence of payoff tables, subjects tend to be more cooperative. As a …

Persistent link: https://www.econbiz.de/10015229450

Partial Cartels and Mergers with Heterogeneous Firms: Experimental Evidence

Gomez-Martinez, Francisco - 2016

A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive … experimentally the formation and behavior of partial cartels. The theoretical model is a variation of Bos and Harrington’s (2010 … endogenized. The experimental study has two main objectives. The first goal is examine whether partial cartels emerge in the lab …

Persistent link: https://www.econbiz.de/10015257335

Are Cartels Forever? Global Evidence Using Quantile Regression Analysis

Polemis, Michael - 2024

The longevity of cartels has been a highly contested topic among economists and managers, with numerous researchers … arguing that cartels are inherently unstable and their endurance is usually short-lived. Understanding the main factors that … (increasing) the lifespan of the collusion only in the short (long) lived cartels. Operating internationally and having a third …

Persistent link: https://www.econbiz.de/10015213293

Behavior-based price discrimination and elastic demand

Okuyama, Suzuka - 2024

Existing studies on Behaviour-based price discrimination (BBPD) typically show that firms offer discounts to encourage consumers located middle of the line segment to switch in a duopoly model. However, in practice, some firms offer both this discount and a discount to encourage consumers with...

Persistent link: https://www.econbiz.de/10015213472

Stable cartel configurations: the case of multiple cartels

Khan, Abhimanyu; Peeters, Ronald - 2023

We develop a framework to analyse stable cartelisation when firms can form multiple cartels. This contrasts with the … cartelisation to be stable in the multiple cartels framework if: (i) a firm in a cartel does not find it more profitable to leave … cartels may be formed. We completely characterise the stable cartelisation structure -- there is at most one firm that is not …

Persistent link: https://www.econbiz.de/10015213534