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Pricing and Trust
Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2007
We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive...
Persistent link: https://www.econbiz.de/10014053130
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Merger and collusion in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Persistent link: https://www.econbiz.de/10001575505
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Merger in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2000
Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be …
Persistent link: https://www.econbiz.de/10009781515
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Merger in contests
Huck, Steffen - 2000
Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be …
Persistent link: https://www.econbiz.de/10014460915
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Divisionalization in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2000
To be represented by more than one contestant in a contest has advantages and disadvantages. This paper determines the conditions under which it is favorable to send several agents into the contest. -- contests ; Divisionalization ; delegation
Persistent link: https://www.econbiz.de/10009582389
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Merger in contests
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2000
Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be …
Persistent link: https://www.econbiz.de/10009582395
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The impact of price frames on consumer decision making : experimental evidence
Baake, Pio; Huck, Steffen - 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 result is that export...
Persistent link: https://www.econbiz.de/10010230311
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Price framing
Huck, Steffen; Schmid, Julia; Wallace, Brian - 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/10010230313
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Competition Fosters Trust
Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2006
We study the effects of reputation and competition in a stylized market for experience goods. If interaction is …, we find that competition, coupled with some minimal information, eliminates the trust problem almost completely …
Persistent link: https://www.econbiz.de/10014054391
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Price competition and reputation in markets for experience goods: An experimental study
Huck, Steffen; Lünser, Gabriele K.; Tyran, Jean-Robert - 2015
We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … prices are fixed or endoge-nously chosen, we find that price competition lowers efficiency as consumers pay too little …
Persistent link: https://www.econbiz.de/10010500562