Building on the seminal paper of Ordover, Saloner and Salop (1990), I study the role of reputation building on … foreclosure in laboratory experiments. In one-shot interactions, upstream firms can choose to build a reputation by revealing … their price history to the current upstream competitor. In particular, integrated firms can establish a reputation to …

-known commitment problem by introducing communication. Allowing the upstream firm to chat privately with each downstream firm reduces …

inefficient, time-inconsistent one-shot Nash equilibrium. We find that reputation is a poor substitute for commitment. We then …We implement a repeated version of the Barro-Gordon monetary policy game in the laboratory and ask whether reputation … serves as a substitute for commitment, enabling the central bank to achieve the efficient Ramsey equilibrium and avoid the …