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Cournot meets Bayes-Nash : a discontinuity in behavior in finitely repeated duopoly games
Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our … information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
Persistent link: https://www.econbiz.de/10014487322
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Forward trading and collusion in supply functions
Wölfing, Nikolas - 2019
This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …
Persistent link: https://www.econbiz.de/10011968922
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Signalling in auctions : experimental evidence
Bos, Olivier; Gomez-Martinez, Francisco; Onderstal, Sander - 2021
We study the relative performance of the first-price sealed-bid auction, the second-price sealed-bid auction, and the all-pay sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behaviour to an outside observer. We consider two different...
Persistent link: https://www.econbiz.de/10012500904
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The choice of institutions to solve cooperation problems : a survey of experimental research
Dannenberg, Astrid; Gallier, Carlo - 2019
in prisoners' dilemmas, public goods games, and common pool resource games. Participants in these experiments have the …
Persistent link: https://www.econbiz.de/10012010646
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Experiments on matching markets : a survey
Hakimov, Rustamdjan; Kübler, Dorothea - 2019
The paper surveys the experimental literature on matching markets. It covers house allocation, school choice, and two-sided matching markets such as college admissions. The main focus of the survey is on truth-telling and strategic manipulations by the agents, on the stability and efficiency of...
Persistent link: https://www.econbiz.de/10012033568
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Relevant market delineation and horizontal merger simulation : a unified approach
Fiuza, Eduardo P. S. - 2015
While often times the Hypothetical Monopolist Test (HMT) utilized in relevant market delineation is implemented with uniform price increases throughout all the goods in the candidate relevant market, since 1984 the versions of the U.S. Merger Guidelines have emphasized that these small but...
Persistent link: https://www.econbiz.de/10012053324
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Privacy and platform competition
Dimakopoulos, Philipp; Sudaric, Slobodan - 2018
We analyze platform competition where user data is collected to improve adtargeting. Considering that users incur privacy costs, we show that the equilibrium level of data provision is distorted and can be inefficiently high or low: if overall competition is weak or if targeting benefits are...
Persistent link: https://www.econbiz.de/10011897071
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Mergers, foreign competition, and jobs : evidence from the U.S. appliance industry
Montag, Felix - 2023 - This version: January 3, 2023
Policy choices often entail trade-offs between workers and consumers. I assess how foreign competition changes the consumer welfare and domestic employment effects of a merger. I construct a model accounting for demand responses, endogenous product portfolios, and employment. I apply this model...
Persistent link: https://www.econbiz.de/10014477395
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Mergers, foreign competition, and jobs : evidence from the U.S. appliance industry
Montag, Felix - 2023 - This version: January 3, 2023
Policy choices often entail trade-offs between workers and consumers. I assess how foreign competition changes the consumer welfare and domestic employment effects of a merger. I construct a model accounting for demand responses, endogenous product portfolios, and employment. I apply this model...
Persistent link: https://www.econbiz.de/10014495751
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Price framing
Huck, Steffen; Schmid, Julia; Wallace, Brian - 2013
We present a laboratory experiment on the impact of price framing on consumer decision making. Consumer subjects face a search market where two sellers offer a homogenous good. We examine six different price frames with linear per-unit pricing (that is displayed as such) serving as a benchmark....
Persistent link: https://www.econbiz.de/10010230313