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Output Commitment through Product Bundling: Experimental Evidence

Hinloopen, Jeroen; Mueller, Wieland; Normann, Hans-Theo - 2011

ABSTRACT: We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm in a second market. We compare treatments where the multiproduct firm (i) always bundles, (ii) never bundles, and (iii) chooses whether or not...

Persistent link: https://www.econbiz.de/10010326151

Output Commitment Through Product Bundling : Experimental Evidence

Hinloopen, Jeroen - 2019

We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm in a second market. We compare treatments where the multiproduct firm (i) always bundles, (ii) never bundles, and (iii) chooses whether or not to...

Persistent link: https://www.econbiz.de/10012905779

Trust and Recidivism; the Partial Success of Corporate Leniency Program in the Laboratory

Hinloopen, Jeroen; Soetevent, Adriaan R. - 2006

An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on …

Persistent link: https://www.econbiz.de/10014056665

Cartel Stability with Subjective Detection Beliefs

Hinloopen, Jeroen - 2003

The condition is derived for Friedman 's trigger strategy to sustaina collusive market equilibrium as a noncooperative Nash equilibriumgiven subjective beliefs as to the antitrust authority's ability of suc-cesfully dissolving the illegal cartel.

Persistent link: https://www.econbiz.de/10010325055

Dynamic Efficiency of Product Market Competition

Hinloopen, Jeroen; Vandekerckhove, Jan - 2007

We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest in process R&D. Under Cournot competition firms always invest more in R&D than under Bertrand competition. More importantly, Cournot competition yields lower prices than...

Persistent link: https://www.econbiz.de/10010325382

The Pro-collusive Effect of Increased Cartel Detection Probabilities

Hinloopen, Jeroen - 2004

An increase in cartel discovery probability due to irregular price movements that result from cartel defection is shown to increase cartel stability as short-run defection profits are less likely to be earned.

Persistent link: https://www.econbiz.de/10010325447

From Overt to Tacit Collusion

Hinloopen, Jeroen; Soetevent, Adriaan - 2008

Recent laboratory experiments support the popular view that the introduction of corporate leniency programs has … significantly decreased cartel activity. The design of these repeated game experiments however is such that engaging in illegal … price discussions is the only way for subjects to avoid the one-shot competitive equilibrium. Subjects in the experiment of …

Persistent link: https://www.econbiz.de/10010325765

A K-sample Homogeneity Test based on the Quantification of the p-p Plot

Hinloopen, Jeroen; Wagenvoort, Rien; van Marrewijk, Charles - 2008

We propose a quantification of the p-p plot that assigns equal weight to all distances between the respective distributions: the surface between the p-p plot and the diagonal. This surface is labelled the Harmonic Weighted Mass (HWM) index. We introduce the diagonal-deviation (d-d) plot that...

Persistent link: https://www.econbiz.de/10010325767

On the Exact Finite Sample Distribution of the L1 -FCvM Test Statistic

Hinloopen, Jeroen - 2011

We derive the exact finite sample distribution of the L1-version ofthe Fisz-Cramér-von Mises test statistic (L1-FCvM). We first characterizethe set of all distinct sample p-p plots for two balanced sampleof size n absent ties. Next, we order this set according to the correspondingvalue of...

Persistent link: https://www.econbiz.de/10010325887

Identifying All Distinct Sample P-P Plots, with an Application to the Exact Finite Sample Distribution of the L1-FCvM Test Statistic

Hinloopen, Jeroen; Wagenvoort, Rien - 2010

P-p plots contain all the information that is needed for scale-invariant comparisons. Indeed, Empirical Distribution Function (EDF) tests translate sample p-p plots into a single number. In this paper we characterize the set of all distinct p-p plots for two balanced sample of size n absent...

Persistent link: https://www.econbiz.de/10010325915