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Going once, going twice, reported! Cartel activity and the effectiveness of leniency programs in experimental auctions

Hinloopen, Jeroen; Onderstal, Sander - 2009

Persistent link: https://www.econbiz.de/10003913128

Conservation auctions, collusion and the endowment effect

Dijk, Justin; Ansink, Erik; Soest, Daniël Pieter van - 2018

activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or …

Persistent link: https://www.econbiz.de/10011932593

Cartel stability in experimental auctions

Hinloopen, Jeroen; Onderstal, Sander; Treuren, Leonard - 2019

Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first-price sealed-bid auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we observe that biddings rings are more stable in the English...

Persistent link: https://www.econbiz.de/10011960510

Trust and recidivism : the partial success of corporate leniency program in the laboratory

Hinloopen, Jeroen; Soetevent, Adriaan - 2006

An experiment is conducted were subjects interact repeatedly to examine the effect of a particular leniency program on … cartel formation, cartel stability and cartel recidivism. The program leads to lower prices for three reasons. First, non …-cooperators are more persistent in their behavior which effectively blocks cartel formation in their respective groups. Second …

Persistent link: https://www.econbiz.de/10011349188

Firm-specific information and explicit collusion in experimental oligopolies

Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015

We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives …

Persistent link: https://www.econbiz.de/10010532614

Emotions and economic shocks in a first-price auction

Bosman, Ronald; Riedl, Arno - 2003

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...

Persistent link: https://www.econbiz.de/10011333886