Showing 1 - 10 of 4,177
We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple …
Persistent link: https://www.econbiz.de/10014201287
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...
Persistent link: https://www.econbiz.de/10013295651
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...
Persistent link: https://www.econbiz.de/10014487322
We investigate the effects of passive backward acquisitions in their efficient upstream supplier on downstream firms' ability to collude in a dynamic game of price competition with homogeneous goods. We find that passive backward acquisitions impede downstream collusion. The main driver of our...
Persistent link: https://www.econbiz.de/10012297609
Within a simple model of differentiated oligopoly, we show that tacit collusion may be prevented by the threat of nationalising a private firm coupled with the appropriate choice of the weight given to private profits in the maximand of the nationalised company. We characterise the properties of...
Persistent link: https://www.econbiz.de/10011725688
We analyze strategic leaks due to spying out a rival’s bid in a first-price auction. Such leaks induce sequential bidding, complicated by the fact that the spy may be a counterspy who serves the interests of the spied at bidder and reports strategically distorted information. This ambiguity...
Persistent link: https://www.econbiz.de/10012507333
We use a laboratory experiment to investigate whether statements from a governmental institution expressing concerns about price increases trigger such increases by facilitating tacit collusion. Such statements on market conduct are disclosed after an exogenous and unexpected upward cost shock....
Persistent link: https://www.econbiz.de/10015045376
This paper studies monitoring and punishment behavior by second and third parties in a cooperation experiment with … endogenous information structures: Players are uninformed whether the target player cooperated or defected at the cooperation … to increasingly weaker incentives for cooperation relative to second party punishment as monitoring costs rise. In …
Persistent link: https://www.econbiz.de/10009771159
cooperation is best reply to itself. We give the condition for the existence of the Ostrom threshold in the Nederlander …-Prisoner's Dilemma Game. For high enough cost of failure, cooperation among rational egoists is sustained. The Ostrom threshold first …
Persistent link: https://www.econbiz.de/10009773105
scarcer and hence competitive pressure is higher. By contrast, levels of cooperation are very similar across areas. This … indicates that scarcity does not hamper cooperation, at least as long as a subsurvival level has not been exceeded. Our data …
Persistent link: https://www.econbiz.de/10009753266