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triopoly. -- Artefactual field experiment ; subject pools ; Cournot oligopoly ; managers ; cheap talk … experiments, using both students and managers as subjects. Communication is implemented by two different devices, a ‘standardized … triopoly. Moreover, managers behave in a similar way under the two communication devices, while students are more influenced by …
Persistent link: https://www.econbiz.de/10008696726
-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as … Nash equilibrium theory. Individual pricing decisions can predominantly be explained by either myopic best responses …
Persistent link: https://www.econbiz.de/10011411148
, and Malaysian managers. While German students play Nash, we reject the hypothesis that both Malaysian students and … managers select the Nash quantity. Moreover, Malaysian managers perform significantly less competitively than Malaysian …
Persistent link: https://www.econbiz.de/10003794085
Persistent link: https://www.econbiz.de/10009763859
This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...
Persistent link: https://www.econbiz.de/10011411149
This study is the first to investigate the effect of demand rationing in experimental Bertrand-Edgeworth markets with fixed exogenous capacities. It is found that prices and profits are significantly higher under proportional than under efficient demand rationing. Moreover, the amount of...
Persistent link: https://www.econbiz.de/10011411150
Persistent link: https://www.econbiz.de/10003451358
This paper develops an oligopolistic model of international trade with heterogeneous firms and endogenous R&D to examine how trade liberalization affects firm and industry productivity, as well as social welfare. We identify four effects of trade liberalization on productivity: (i) a direct...
Persistent link: https://www.econbiz.de/10003493702
oligopoly model where products are sold through intermediaries. We find that when trade barriers are high domestic firms tend to …
Persistent link: https://www.econbiz.de/10002468849
In the last two decades a body of literature highlights the role of financial frictions for explaining the development of key macroeconomic variables. Moreover, the financial crisis 2007-2009 again sheds light on the importance of this topic. In this paper, we contribute to the literature by...
Persistent link: https://www.econbiz.de/10008821968