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We report on experiments examining the value of commitment in Stackelberg games where the follower chooses whether to …
Persistent link: https://www.econbiz.de/10014060286
From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is (are)...
Persistent link: https://www.econbiz.de/10010281843
From the perspective of competitors, competition may be modeled as a prisoner’s dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is...
Persistent link: https://www.econbiz.de/10014186597
expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …
Persistent link: https://www.econbiz.de/10008822475
We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral …
Persistent link: https://www.econbiz.de/10014035254
. In this study we analyze the case of an n firm oligopoly in Allaz' and Vila's framework and derive comparative static … laboratory experiment. Our findings support the main comparative-static predictions of the model but also suggest that, when …
Persistent link: https://www.econbiz.de/10010281331
the information structure, the mode of competition, and the degree of product differentiation. Moreover, in our experiment …We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where … both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in …
Persistent link: https://www.econbiz.de/10011301237
This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...
Persistent link: https://www.econbiz.de/10011411149
; oligopoly ; product differentiation ; entry ; asymmetric information ; strategic disclosure ; stochastic patent ; trade secret … ; process innovation ; imitation …
Persistent link: https://www.econbiz.de/10003862322
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