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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 …
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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. …
Persistent link: https://www.econbiz.de/10011929323
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 …
Persistent link: https://www.econbiz.de/10011802796
We analyse two team settings in which one member in a team has stronger incentives to contribute than the others. If contributions constitute a sacrifice for the strong player, the other team members are more inclined to cooperate than if contributions are strictly dominant for the strong player.
Persistent link: https://www.econbiz.de/10010266960
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 …
Persistent link: https://www.econbiz.de/10011539897
contributions are strictly dominant for the strong player. -- Experiments ; Leadership ; Reciprocity ; Voluntary Contribution …
Persistent link: https://www.econbiz.de/10003862276
We analyse two team settings in which one member in a team has stronger incentives to contribute than the others. If contributions constitute a sacrifice for the strong player, the other team members are more inclined to cooperate than if contributions are strictly dominant for the strong player
Persistent link: https://www.econbiz.de/10014209823
bargaining advantage from open communication that all of the gains from monopolizing the market accrue to them. A simple … structural model of Nash-in-Nash bargaining fits the pattern of shifting surpluses well. Using third-party coders, unsupervised … conclude with a discussion of the antitrust implications of open communication in vertical markets. …
Persistent link: https://www.econbiz.de/10011518962
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