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problem for the case of both symmetric and asymmetric Cournot duopoly, we conduct internet treatments lasting more than a …
Persistent link: https://www.econbiz.de/10010956750
This paper analyzes if vertical foreclosure can emerge as an equilibrium outcome of an infinitely repeated game. Foreclosure is profitable due to a 'raising rival's costs' effect but it is not a Nash equilibrium of the static game. The results are that foreclosure is in fact a subgame perfect...
Persistent link: https://www.econbiz.de/10005076896
competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always …
Persistent link: https://www.econbiz.de/10010983930
competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always …
Persistent link: https://www.econbiz.de/10011048603
This discussion paper resulted in a publication in <I>European Economic Review</I> (2014), 164-180.<P> We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm in a second market. We compare treatments where the...</p></i>
Persistent link: https://www.econbiz.de/10011256484
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …
Persistent link: https://www.econbiz.de/10005062333
endogenous Cournot outcomes and sometimes collusive play. This is partly driven by the fact that endogenous Stackelberg followers …
Persistent link: https://www.econbiz.de/10005408230
We conduct experiments testing the relationship between excess capacity and pricing in repeated Bertrand-Edgeworth duopolies and triopolies. We systematically vary the experimental markets between low excess capacity (suggesting monopoly) and no capacity constraints (suggesting perfect...
Persistent link: https://www.econbiz.de/10010828380
In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …
Persistent link: https://www.econbiz.de/10010983508
We conduct experiments testing the relationship between excess capacity and pricing in repeated Bertrand-Edgeworth duopolies and triopolies. We systematically vary the experimental markets between low excess capacity (suggesting monopoly) and no capacity constraints (suggesting perfect...
Persistent link: https://www.econbiz.de/10010956799