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Input versus output taxation in an experimental international economy

Riedl, Arno; Winden, Frans A. A. M. van - 2003

This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a …

Persistent link: https://www.econbiz.de/10011333884

Input Versus Output Taxation in an Experimental International Economy

Riedl, Arno; Van Winden, F. A. A. M. - 2021

This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a …

Persistent link: https://www.econbiz.de/10013319871

Oligopoly as a socially embedded dilemma : an experiment

Engel, Christoph; Zhurakhovska, Lilia - 2011

prevent participants from using their world knowledge about antitrust, we experimentally test them on a neutral matrix game … expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma …

Persistent link: https://www.econbiz.de/10008822475

Imitation and the evolution of Walrasian behavior : theoretically fragile but behaviorally robust

Apesteguia, Joe; Huck, Steffen; Oechssler, Joerg; … - 2007

A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian outcome...

Persistent link: https://www.econbiz.de/10003593007

Competition as a socially desirable dilemma theory vs. experimental evidence

Engel, Christoph - 2009

might be willing to run a limited risk of being exploited by their competitors, hoping that the investment pays. This paper … oligopoly as a linear public good. -- Cartel ; Oligopoly ; Bertrand ; Cournot ; Public Good ; Externality ; Experiment …

Persistent link: https://www.econbiz.de/10003877116

Imitation equilibrium

Selten, Reinhard; Ostmann, Axel - 2000

The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly models. The concept applies to normal form games enriched by a reference structure specifying a reference group for every player. The reference group is a set of other players, whom...

Persistent link: https://www.econbiz.de/10011538885

Oligopoly Limit-Pricing in the Lab

Müller, Wieland - 2006

We examine the behavior of senders and receivers in the context of oligopoly limit pricing experiments in which high prices chosen by two privately informed incumbents may signal to a potential entrant that the industry-wide costs are high and that entry is unprofitable. The results provide...

Persistent link: https://www.econbiz.de/10012733313

Market concentration and incentives to collude in Cournot oligopoly experiments

Hanaki, Nobuyuki; Masiliūnas, Aidas - 2021

Multiple Cournot oligopoly experiments found more collusive behavior in markets with fewer firms (Huck et al., 2004; Horstmann et al., 2018). This result could be explained by a higher difficulty to coordinate or by lower incentives to collude in markets with more firms. We show that the Quantal...

Persistent link: https://www.econbiz.de/10012501283

Endogenous information disclosure in experimental oligopolies

Kopányi, Dávid; Kopányi-Peuker, Anita - 2015

conduct a laboratory experiment where firms decide only about their production levels first, and the information they receive …

Persistent link: https://www.econbiz.de/10010530643

Time-to-build investment and uncertainty in oligopoly

Dewit, Gerda; Leahy, Dermot - 2002

This paper examines how time to build alters strategic investment behaviour under oligopoly. Facing demand uncertainty …-to-build investment is contrasted with another one in which investment is quick in place. We show that a time lag between when and how … much to invest reduces the incentive to delay. When investment requires time to complete, early investment occurs more to …

Persistent link: https://www.econbiz.de/10010293784

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