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Strategic delegation in experimental markets

Huck, Steffen; Müller, Wieland; Norman, Hans-Theo - 2000

contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is … only rarely chosen in the experimental markets. This behavior is rational given that managers do not play according to the …

Persistent link: https://www.econbiz.de/10009781566

Merger without cost advantages

Huck, Steffen (contributor); Konrad, Kai A. (contributor); … - 2005

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many strategic aspects matter for firm competition such as...

Persistent link: https://www.econbiz.de/10002757958

Imitation : theory and experimental evidence

Alpesteguia, Jose; Huck, Steffen; Oechssler, Joerg - 2003

We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to different informational assumptions, notto different...

Persistent link: https://www.econbiz.de/10011509505

Imitation and the evolution of Walrasian behavior : theoretically fragile but behaviorally robust

Apesteguia, Jose; Huck, Steffen; Oechssler, Joerg; … - 2008

Persistent link: https://www.econbiz.de/10003641693

Strategic trade policy and the home bias in firm ownership structure

Huck, Steffen; Konrad, Kai A. - 2003

firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms …

Persistent link: https://www.econbiz.de/10011506470

Strategic trade policy and merger profitability

Huck, Steffen; Konrad, Kai A. - 2003

We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing here, even though it would not be profitable in a...

Persistent link: https://www.econbiz.de/10011507913

Learning through period and physical time

Backhaus, Teresa; Huck, Steffen; Leutgeb, Johannes Josef; … - In: Games and economic behavior 141 (2023), pp. 21-29

Persistent link: https://www.econbiz.de/10014454424

More effort with less pay : on information avoidance, belief design and performance

Huck, Steffen; Szech, Nora; Wenner, Lukas M. - 2015

In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...

Persistent link: https://www.econbiz.de/10011346303

To commit or not to commit : endogenous timing in experimental duopoly markets

Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - In: Games and economic behavior 38 (2002) 2, pp. 240-264

Persistent link: https://www.econbiz.de/10001643810

Perfect versus imperfect observability : an experimental test of Bagwell's result

Huck, Steffen; Müller, Wieland - In: Games and economic behavior 31 (2000) 2, pp. 174-190

Persistent link: https://www.econbiz.de/10001489449