This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …

sanctioning institutions on firms’ communication. Using machine learning to organize the chat communication into topics, we find … present. At the same time, average prices are lower when communication is less explicit. A mediation analysis suggests that … the prevalence of explicit price communication. …

We use laboratory experiments to study communication games with partially verifiable information. In these games, based …

We use laboratory experiments to study communication games with partially verifiable information. In these games, based …

we study their effect on firms' communication in a laboratory experiment. Using machine learning to organize the chat … communication into topics, we find that firms are less likely to communicate explicitly about price fixing when sanctioning … institutions are present. At the same time, average prices are lower when communication is less explicit. A mediation analysis …

This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …

knowledge ahead faced under risk and uncertainty, namely models under the umbrella of SKAT, the Stages of Knowledge Ahead Theory …. -- nominalism ; money illusion ; heuristic ; unpredictability ; experiment ; SKAT the Stages of Knowledge Ahead Theory ; prominent … laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and …