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oligopoly as a linear public good. -- Cartel ; Oligopoly ; Bertrand ; Cournot ; Public Good ; Externality ; Experiment …Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain …
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hypothesis we run an experiment where participants play two consecutive Bertrand pricing games: first a standard version without …
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projects have demonstrated that the mechanism is efficiency enhancing. Our experiment tests whether the mechanism remains …
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In an experimental study, we compare individual willingness to cooperate in a public good game after an initial team contest phase. While players in the treatment setup make a conscious decision on how much to invest in the contest, this decision is exogenously imposed on players in the control...
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Previous research indicates that risky and uncertain marginal returns from the public good significantly lower contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed parameterization. Specifically, if the value of the...
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