We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral … mergers in experimental Cournot markets with initially three or four firms. Standard Cournot-Nash equilibrium predicts total …

In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The … than when this role is randomly allocated. Bargaining solutions do not satisfactorily predict outcomes. …

In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The … than when this role is randomly allocated. Bargaining solutions do not satisfactorily predict collusive outcomes. Finally …

In this paper we investigate how the competitiveness of Cournot markets varies with the number of firms in an industry …. We review previous Cournot experiments in the literature. Additionally, we conduct a new series of experiments studying …-firm oligopolies tend to produce outputs at the Nash level. Markets with four or five firms are never collusive and typically settle at …

contributions are strictly dominant for the strong player. -- Experiments ; Leadership ; Reciprocity ; Voluntary Contribution …

In this paper we investigate how the competitiveness of Cournot markets varies with the number of firms in an industry …. We review previous Cournot experiments in the literature. Additionally, we conduct a new series of experiments studying …-firm oligopolies tend to produce outputs at the Nash level. Markets with four or five firms are never collusive and typically settle at …