of the human buyers, this advertising leads to strongly competitive pricing that is inconsistent with the theory …This paper reports a laboratory experiment to study pricing and advertising behavior in a market with costly buyer … either charge a high unadvertised price or randomize in an interval of lower advertised prices. Theory predicts that …

charges may make the firms collude on high prices. Moreover, when allowing for entry, we show that incumbents can profitably …

Cournot oligopoly has been studied almost exclusively under the implicit assumption of perfectly competitive factor …,2000) has analyzed Cournot oligopoly under the condition of imperfectly competitive factor markets,i.e.Cournot oligopsonistic … oligopoly. Some economists have analyzed the optimal pollution tax rate which maximizes the net total social surplus for Cournot …

costs, mergers of any size are profitable; 2) a merger will reduce outsiders' profits when there are large cost savings or … cost asymmetry. The second result is in sharp constrast to Cournot competition where mergers always increase outsiders …

real world we observe that prices for such products decrease over time. However, game theory predicts that producers should …