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When an upstream monopolist supplies several competing downstreamfirms, it may fail to monopolize the market because it is unable to commit not to behave opportunistically. We build on previous experimental studies of this well-known commitment problem by introducing communication. Allowing the...
Persistent link: https://www.econbiz.de/10011518962
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
registered for the experiment, differ in their behavior. Subjects play four one-shot, two-player games: a trust game, a beauty …
Persistent link: https://www.econbiz.de/10011649463
for which two channels may be responsible, that our experiment allows to separate: i) a direct, preference-based channel …
Persistent link: https://www.econbiz.de/10003925564
experiment allows us to separate different interaction channels. When subjects play both roles in such experiments, a positive …
Persistent link: https://www.econbiz.de/10010350964
for which two channels may be responsible, that our experiment allows to separate: i) a direct, preference-based channel …
Persistent link: https://www.econbiz.de/10013153177
implementing a vote on the rule in a donation experiment, and we also elicit opinion poll-like views. We find that two-thirds of … the participants voted for the priority rule in the experiment. When asked about real-world implementation, participants … of the donation experiment were more likely to support the rule than non-participants. We further confirm previous …
Persistent link: https://www.econbiz.de/10010478006
This paper provides a comparative-statics analysis of punishment in public-good experiments. We vary the effectiveness of punishment, that is, the factor by which punishment reduces the punished player's income. The data show that contributions increase monotonically in punishment effectiveness....
Persistent link: https://www.econbiz.de/10012775824
This paper provides a comparative statics analysis of punishment in public-good experiments. We vary systematically the effectiveness of punishment, that is, the factor by which punishment reduces the punished player's income, and we find that contributions to the public good increase...
Persistent link: https://www.econbiz.de/10014064137
Persistent link: https://www.econbiz.de/10009007963