Narrow search
Showing 1 - 10 of 10,106
Cover Image
Blowing the Whistle
Apesteguia, Jose; Dufwenberg, Martin; Selten, Reinhard - Nationalekonomiska institutionen, Stockholms Universitet - 2003
Leniency clauses, offering cartelists legal immunity if they blow the whistle on each other, is a recent anti-trust innovation. The authorities wish to thwart cartels and promote competition. This effect is not evident, however; whistle-blowing may enforce trust and collusion by providing a tool...
Persistent link: https://www.econbiz.de/10005771101
Cover Image
Blowing the Whistle
Apesteguía, José; Dufwenberg, Martin; Selten, Reinhard - Departamento de Economía - Universidad Pública de Navarra - 2003
Leniency clauses, offering cartelists legal immunity if they blow the whistle on each other, is a recent anti-trust innovation. The authorities wish to thwart cartels and promote competition. This effect is not evident, however; whistle-blowing may enforce trust and collusion by providing a tool...
Persistent link: https://www.econbiz.de/10005067339
Cover Image
Price Floors and Competition
Dufwenberg, Martin; Gneezy, Uri; Goeree, Jacob K.; … - Nationalekonomiska institutionen, Stockholms Universitet - 2002
A potential source of instability of many economic models is that agents have little incentive to stick with the equilibrium. We show experimentally that this may matter with price competition. The control variable is a price floor, which increases the cost of deviating from equilibrium....
Persistent link: https://www.econbiz.de/10005648549
Cover Image
Blowing the Whistle
Apesteguia, José; Dufwenberg, Martin; Selten, Reinhard - University of Bonn, Germany - 2003
Leniency clauses, offering cartelists legal immunity if they blow the whistle on each other, is a recent anti-trust innovation. The authorities wish to thwart cartels and promote competition. This effect is not evident, however; whistle-blowing may enforce trust and collusion by providing a tool...
Persistent link: https://www.econbiz.de/10004989614
Cover Image
Do Opponents' Experience Matter? Experimental Evidence from a Quantity Precommitment Game
Le Coq, Chloé; Sturluson, Jon-Thor - Economics Institute for Research (SIR), … - 2003
experience (the number of periods played) as a proxy for the level of rationality and match subjects with different levels of … experience. We first find evidence of capacity choices decreasing, and prices increasing, with the opponent's experience … McKelvey and Palfrey (1998). In particular, this framework takes into account any interaction between a player's own experience …
Persistent link: https://www.econbiz.de/10005190841
Cover Image
Does opponents’ experience matter? Experimental evidence from a quantity precommitment game
Le Coq, Chloé; Sturluson, Jon Thor - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 265-277
which we use the level of experience as a proxy for the level of rationality and match subjects with different levels of … experience. We find significant differences in behavior depending on opponents’ experience; moreover, players facing …
Persistent link: https://www.econbiz.de/10010594633
Cover Image
Incentive to Reduce Cost under Incomplete Information
Sengupta, Aditi - Department of Economics, Auburn University - 2013
I examine how ex ante symmetric firms that compete in prices strategically decide to invest in research and development of cost-reducing technology when the rival firm and the consumers are not aware of the actual outcome of the investment. I also compare the strategic incentive to invest and...
Persistent link: https://www.econbiz.de/10010862318
Cover Image
The dynamics of a Bertrand duopoly with differentiated products and bounded rational firms revisited
Fanti, Luciano; Gori, Luca - Dipartimento di Economia e Management, Università … - 2011
We revisit the study of the dynamics of a duopoly game à la Bertrand with horizontal product differentiation and …
Persistent link: https://www.econbiz.de/10009293635
Cover Image
The dynamics of a Bertrand duopoly with differentiated products and bounded rational firms revisited
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2011
We revisit the study of the dynamics of a duopoly game à la Bertrand with horizontal product differentiation and …
Persistent link: https://www.econbiz.de/10009294609
Cover Image
Stability analysis in a Bertrand duopoly with different product quality and heterogeneous expectations
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2011
We study the local stability properties of a duopoly game with price competition, different product quality and … equilibrium in a duopoly market with price competition becomes under increasing strain. …
Persistent link: https://www.econbiz.de/10009294915