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Imitation - Theory and Experimental Evidence

Apesteguia, Jose; Huck, Steffen; Oechssler, Jorg - EconWPA - 2003

We introduce a generalized theoretical approach to study imitation models and subject the models to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different...

Persistent link: https://www.econbiz.de/10005125578

Crop Failures and Export Tariffs

Baake, Pio; Huck, Steffen - Verein für Socialpolitik - VfS - 2014

We analyze a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. We show that export tariffs are...

Persistent link: https://www.econbiz.de/10011164071

Crop Failures and Export Tariffs

Baake, Pio; Huck, Steffen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export...

Persistent link: https://www.econbiz.de/10010896190

Crop failures and export tariffs

Baake, Pio; Huck, Steffen - Abteilung "Ökonomik des Wandels", Wissenschaftszentrum … - 2013

In diesem Paper analysieren wir ein stilisiertes Modell des weltweiten Getreidemarktes, auf dem ein Oligopol von …

Persistent link: https://www.econbiz.de/10010983239

Imitation - Theory and Experimental Evidence

Apestgeguia, Jose; Huck, Steffen; Oechssler, Jörg - Volkswirtschaftliche Fakultät, … - 2005

We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different behavioral rules....

Persistent link: https://www.econbiz.de/10005785850

Through Trial & Error to Collusion

Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - EconWPA - 1998

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

To commit or not to commit: Endogenous timing in experimental duopoly markets

Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - EconWPA - 1999

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

From imitation to collusion: Long-run learning in a low-information environment

Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - In: Journal of Economic Theory 155 (2015) C, pp. 185-205

We explore the stability of imitation in a 1200-period experimental Cournot game where subjects do not know the payoff …

Persistent link: https://www.econbiz.de/10011189751

From imitation to collusion: Long-run learning in a low-information environment

Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - Abteilung "Ökonomik des Wandels", Wissenschaftszentrum … - 2012

Wir untersuchen die Stabilität von Imitationsverhalten in einem experimentellen Cournot-Oligopol mit 1.200 Perioden, in …We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff …-Mengen an zu fallen, im weiteren Verlauf sogar bis tief in kollusive Bereiche, ohne am Nash-Gleichgewicht zu pausieren. Unsere …

Persistent link: https://www.econbiz.de/10010983255

Price framing

Huck, Steffen; Schmid, Julia; Wallace, Brian - Abteilung "Ökonomik des Wandels", Wissenschaftszentrum … - 2013

We present a laboratory experiment on the impact of price framing on consumer decision making. Consumer subjects face a search market where two sellers offer a homogenous good. We examine six different price frames with linear per-unit pricing (that is displayed as such) serving as a benchmark....

Persistent link: https://www.econbiz.de/10010983258