Bornstein, Gary; Kugler, Tamar; Budescu, David V.; … - In: Journal of Economic Behavior & Organization 66 (2008) 3-4, pp. 808-821
We conducted an experimental study of price competition in a duopolistic market. The market was operationalized as a repeated game between two "teams" with one, two, or three players in each team. We found that asking (and winning) prices were significantly higher in competition between...