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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
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Divisionalization in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2000
Persistent link: https://www.econbiz.de/10001470730
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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
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Noisy leadership : an experimental approach
Güth, Werner; Müller, Wieland; Spiegel, Yossi - 2002
Persistent link: https://www.econbiz.de/10013432556
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Divisionalization in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2000
To be represented by more than one contestant in a contest has advantages and disadvantages. This paper determines the conditions under which it is favorable to send several agents into the contest. -- contests ; Divisionalization ; delegation
Persistent link: https://www.econbiz.de/10009582389
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Cournot meets Bayes-Nash : a discontinuity in behavior infinitely repeated duopoly games
Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2022
Persistent link: https://www.econbiz.de/10012819992
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Cournot meets Bayes-Nash : a discontinuity in behavior in finitely repeated duopoly games
Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023
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
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Combining rational choice and evolutionary dynamics : the indirect evolutionary approach
Königstein, Manfred - 1998
Persistent link: https://www.econbiz.de/10000997644
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Stackelberg beats Cournot - on collusion and efficiency in experimental markets
Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - 1999
Persistent link: https://www.econbiz.de/10001373292
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The quality of the signal matters : a note on imperfect observability and the timing of moves
Müller, Wieland - 1999
Persistent link: https://www.econbiz.de/10001377677