This paper presents a classroom experiment in cooperative behavior. Students make production decisions as a cartel and … oligopoly behavior, a description of and instructions for the cartel experiment, analysis of results of the experiment from … earn revenues based on their own output decision and the output decision of the rest of the cartel. Cooperative behavior …

-dependent preferences. -- Repeated markets ; Economic principles ; Anomalies ; Experiment ; Social interactions …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …