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Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001

with various empirical findings, is the assumption that information about output decisions flows more freely within a …

Persistent link: https://www.econbiz.de/10010307515

Imitation - Theory and Experimental Evidence -

Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg - 2005

laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …

Persistent link: https://www.econbiz.de/10011422119

Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally Robust

Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - 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/10011422170

Imitation - Theory and Experimental Evidence

Apestgeguia, Jose; Huck, Steffen; Oechssler, Jörg - 2005

Persistent link: https://www.econbiz.de/10010333735

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

Apesteguia, José; Huck, Steffen; Oechssler, Jörg; … - 2008

A well-known result by Vega-Redondo (1997) 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...

Persistent link: https://www.econbiz.de/10010270592