Showing 51 - 60 of 93
Giving registered organ donors priority on organ waiting list can substantially increase the number of donors and save lifes. Evidence for these effects comes from recent experiments that implemented such priority rules in abstract laboratory environments. In these experiments, participants who...
Persistent link: https://www.econbiz.de/10011950097
Factors facilitating collusion may not successfully predict cartel occurrence: when a factor predicts that collusion (explicit and tacit) becomes easier, firms might be less inclined to set up a cartel simply because tacit coordination already tends to go in hand with supra-competitive profits....
Persistent link: https://www.econbiz.de/10011844753
We investigate collusive pricing in laboratory markets when human players interact with an algorithm. We compare the degree of (tacit) collusion when exclusively humans interact to the case of one firm in the market delegating its decisions to an algorithm. We further vary whether participants...
Persistent link: https://www.econbiz.de/10012509134
In empirical analyses of games, preferences and beliefs are typically treated as independent. However, if beliefs and preferences interact, this may have implications for the interpretation of observed behavior. Our sequential social dilemma experiment allows us to separate different interaction...
Persistent link: https://www.econbiz.de/10010956710
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
In empirical analyses of games, preferences and beliefs are typically treated as independent. However, if beliefs and preferences interact, this may have implications for the interpretation of observed behavior. Our sequential social dilemma experiment allows us to separate different interaction...
Persistent link: https://www.econbiz.de/10010931200
We study the voluntary revelation of private information in a labor-market experiment where workers can reveal their productivity at a cost. While rational revelation improves a worker׳s payoff, it imposes a negative externality on others and may trigger further revelation. Such unraveling can...
Persistent link: https://www.econbiz.de/10011208926
The hypothesis that vertically integrated firms have an incentive to foreclose the input market because foreclosure raises its downstream rivals' costs is the subject of much controversy in the theoretical industrial organization literature. A powerful argument against this hypothesis is that,...
Persistent link: https://www.econbiz.de/10008694129
This appendix to the paper “Belief elicitation in experiments: Is there a hedging problem?” (http://ssrn.com/abstract=1557803) reports further details of procedures and results, in particular for treatments that are only briefly summarized in the paper. Furthermore, we document in detail...
Persistent link: https://www.econbiz.de/10014197658
We report the results of experiments designed to test recent theories of vertical foreclosure. Consistent with the theory, the upstream firm has more difficulty commiting to supply the monopoly quantity in treatments with non-integration and secret contracts than in either treatments with...
Persistent link: https://www.econbiz.de/10014146973