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Tacit collusion under fairness and reciprocity

İriş, Doruk; Santos-Pinto, Luís - In: Games 4 (2013) 1, pp. 50-65

This paper departs from the standard profit-maximizing model of firm behavior by assuming that firms are motivated in part by personal animosity–or respect–towards their competitors. A reciprocal firm responds to unkind behavior of rivals with unkind actions (negative reciprocity), while at...

Persistent link: https://www.econbiz.de/10009753710

Group membership and communication in modified dictator games

Keldenich, Klemens - 2012

This paper presents a laboratory experiment to measure the effect of group membership on individual behavior in …"). In stage 3, additional pre-play communication in the group is allowed before the decision and, in stage 4, the decisions … make the binding decision. -- Group decision making ; social comparison ; leadership ; communication …

Persistent link: https://www.econbiz.de/10009579273

Mixed equilibrium in a pure location game : the case of n ≥ 4 firms

Ewerhart, Christian - 2014

The Hotelling game of pure location allows interpretations in spatial competition, political theory, and professional forecasting. In this paper, the doubly symmetric mixed-strategy equilibrium for n ≥ 4 firms is characterized as the solution of a well-behaved boundary value problem. The...

Persistent link: https://www.econbiz.de/10010402687

Mixed pricing in oligopoly with limited monopoly

Wen, Zhong - In: Economics Letters 125 (2014) 1, pp. 87-92

We analyze price competition between two brands. Buyers consist of switchers and two segments of customers with limited brand loyalty. We identify a unique symmetric mixed-strategy price equilibrium and find that competition is most relaxed when there exists some switchers.

Persistent link: https://www.econbiz.de/10010939501

How Merger Synergies Can Harm Consumers : A Defense of the Efficiencies Offense

Ramos, Paulo; Wollmann, Thomas G. - National Bureau of Economic Research - 2024

This paper uses an aggregative games framework to predict consumer welfare when market structure is endogenously determined. Our main results characterize mergers whose synergies reduce consumer welfare by inducing rivals to exit. The conditions under which such mergers arise are broad,...

Persistent link: https://www.econbiz.de/10014576659

Feedback and Contagion through Distressed Competition

Chen, Hui; Dou, Winston Wei; Guo, Hongye; Ji, Yan - National Bureau of Economic Research - 2023

Firms tend to compete more aggressively in financial distress; the intensified competition in turn reduces profit margins, pushing themselves further into distress and adversely affecting other firms. To study such feedback and contagion effects, we incorporate strategic competition into a...

Persistent link: https://www.econbiz.de/10013537735

Bargaining and Dynamic Competition

Deng, Shanglyu; Jia, Dun; Leccese, Mario; Sweeting, Andrew - National Bureau of Economic Research - 2024

Industries with significant scale economies or learning-by-doing may come to be dominated by a single firm. Economists have studied how likely this is to happen, and whether it is efficient, using models where buyers are price or quantity takers, even though these industries are often also...

Persistent link: https://www.econbiz.de/10014528398

Leniency programs and the design of antitrust : experimental evidence with free-form communication

Dijkstra, Peter T.; Haan, Marco; Schoonbeek, Lambert - In: Review of industrial organization 59 (2021) 1, pp. 13-36

Persistent link: https://www.econbiz.de/10012619731

The leniency rule revisited : experiments on cartel formation with open communication

Andres, Maximilian; Bruttel, Lisa Verena; Friedrichsen, Jana - In: International journal of industrial organization 76 (2021), pp. 1-25

Persistent link: https://www.econbiz.de/10012806934

Frequency of interaction, communication and collusion : an experiment

Bigoni, Maria; Potters, Jan; Spagnolo, Giancarlo - In: Economic theory : official journal of the Society for … 68 (2019) 4, pp. 827-844

Persistent link: https://www.econbiz.de/10012213132

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