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competition ; collusion …
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We study the relation between the number of firms and price-cost margins under price competition with uncertainty about … marginal costs. Pricing is less aggressive in duopolies than in triopolies and tetrapolies. However, independently from the … number of firms, pricing is more aggressive than in the theoretical equilibrium. Both the absolute and the relative surpluses …
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The Dixit (1980) hypothesis that incumbents use investment in capacity to deter potential entrants has found little empirical support. Bagwell and Ramey (1996) propose a model where, in the unique game-theoretic prediction based on forward induction or iterated elimination of weakly-dominated...
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We use laboratory experiments to study the causal effects of favorable and unfavorable competitive market experience on cooperation in a subsequent social dilemma game. The issues we study are part of the broader topic of whether there are behavioral spillovers between different spheres of...
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Competition involves two dimensions, rivalry for resources and social-status ranking. In our experiment we exclude the …
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We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that … in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff … gains for the short side of the market. We also find that competition has a strong negative impact on social well-being, the …
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