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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 …
Persistent link: https://www.econbiz.de/10014487322
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Congestion management games in electricity markets
Ehrhart, Karl-Martin; Eicke, Anselm; Hirth, Lion; … - 2022
This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information about competitors’ costs and a finite set of providers. We find that these...
Persistent link: https://www.econbiz.de/10013463571
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Analysis of a capacity-based redispatch mechanism
Ehrhart, Karl-Martin; Eicke, Anselm; Hirth, Lion; … - 2024
This paper discusses a capacity-based redispatch mechanism in which awarded market participants are compensated for their availability for redispatch, rather than activation. The rationale is to develop a market design that prevents so-called “inc-dec gaming” when including flexible...
Persistent link: https://www.econbiz.de/10014546505
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The more the merrier? : on the optimality of market size restrictions
Negenborn, Colin von - 2019 - This draft: September 10, 2019
This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator seeks to maximize total welfare by choosing the number of firms allowed to enter the market, e.g. by issuing a certain number of licenses. Opening up the market for more firms...
Persistent link: https://www.econbiz.de/10012108481
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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...
Persistent link: https://www.econbiz.de/10011968922
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The impact of price frames on consumer decision making : experimental evidence
Baake, Pio; Huck, Steffen - 2013
In diesem Paper analysieren wir ein stilisiertes Modell des weltweiten Getreidemarktes, auf dem ein Oligopol von …
Persistent link: https://www.econbiz.de/10010230311
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From imitation to collusion : long-run learning in a low-information environment
Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012 - August 2012 (revised October 2013)
Wir untersuchen die Stabilität von Imitationsverhalten in einem experimentellen Cournot-Oligopol mit 1.200 Perioden, in …We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff …-Mengen an zu fallen, im weiteren Verlauf sogar bis tief in kollusive Bereiche, ohne am Nash-Gleichgewicht zu pausieren. Unsere …
Persistent link: https://www.econbiz.de/10010194591
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A simple game-theoretical framework for studying R&D expenditures and R&D cooperation
Kaiser, Ulrich - 2001
This paper derives a three stage Cournot duopoly game for research collaboration, research expenditures and product …
Persistent link: https://www.econbiz.de/10013428405
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From imitation to collusion : long-run learning in a low-information environment
Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012
beobachten wir deutliche Verhaltensänderungen und niedrigere Produktionsmengen, die stetig weiter fallen, ohne am Cournot-Nash-Gleichgewicht …We study long-run learning in an experimental Cournot game with no explicit information about the payoff function … pausing at the Cournot-Nash level quantities continue to drop, eventually reaching almost fully collusive levels in duopolies …
Persistent link: https://www.econbiz.de/10009583743
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Behavior-based price discrimination under endogenous privacy
Heiny, Friederike; Li, Tianchi; Tolksdorf, Michel - 2020
This paper analyzes consumers' privacy choice concerning their private data and firms' ensuing pricing strategy. The General Data Protection Regulation passed by the European Union in May 2018 allows consumers to decide whether to reveal private information in the form of cookies to an online...
Persistent link: https://www.econbiz.de/10012150165