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Price vs. quantity competition in a vertically related market
Alipranti, Maria; Milliou, Chrysovalantou; Petrakēs, … - 2014
This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are … Cournot competition yields higher output, lower wholesale prices, lower final prices, higher consumers' surplus, and higher … total welfare than Bertrand competition. …
Persistent link: https://www.econbiz.de/10010351502
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Design a contract! : A simple principal-agent problem as a classroom experiment
Gächter, Simon (contributor);  … - 2006
We present a simple classroom principal-agent experiment that can effectively be used as a teaching device to introduce important concepts of organizational economics and contracting. In a first part, students take the role of a principal and design a contract that consists of a fixed payment...
Persistent link: https://www.econbiz.de/10003321818
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Output commitment through product bundling : experimental evidence
Hinloopen, Jeroen; Müller, Wieland; Normann, Hans-Theo - 2013
competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always …
Persistent link: https://www.econbiz.de/10010204789