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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
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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
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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
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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
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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
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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
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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
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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
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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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R&D spillovers and cartelization of industries with differentiated products
Prokop, Jacek; Karbowski, Adam - 2018
The objective of this article is to investigate the impact of research and development (R&D) spillovers on cartelization of industries characterized by differentiated products. For simplicity, we focus on the duopoly market in which firms compete according to the Stackelberg leadership model....
Persistent link: https://www.econbiz.de/10011904589