Similar Search Results

Number of firms, rationing, matching, and knowledge : a comprehensive study of variations in experimental Kreps-Scheinkman markets

Jacobs, Martin - 2016

This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...

Persistent link: https://www.econbiz.de/10011411149

Price competition in an inflationary environment : conference paper

Dürsch, Peter; Eife, Thomas A. - 2014

A constant price level facilitates cooperation among firms whereas steady inflation and deflation rates lower firms' ability to cooperate. In an experimental market with price competition we show that both inflation and deflation signicantly reduce cooperation compared to treatments with a...

Persistent link: https://www.econbiz.de/10010491108

Simultaneous and sequential price competition in heterogeneous duopoly markets : experimental evidence

Kübler, Dorothea; Müller, Wieland - 2001

We investigate simultaneous and sequential price competition in duopoly markets with differentiated products. In both …, just as predicted by the theory, whereas average follower prices are not above average prices in the simultaneous market … simultaneous-move markets whereas first movers do not. As in theory, there is a significant first-mover disadvantage when firms …

Persistent link: https://www.econbiz.de/10009617949

Internal conflict, market uniformity, and transparency in price competition between teams

Kurschilgen, Michael; Morell, Alexander; Weisel, Ori - 2016

compete vis-à-vis each other, and, consequently, market outcomes. Participants took part in a repeated Bertrand duopoly game …

Persistent link: https://www.econbiz.de/10011569085

Algorithmic price recommendations and collusion : experimental evidence

Hunold, Matthias; Werner, Tobias - 2023

This paper investigates the collusive and competitive effects of algorithmic price recommendations on market outcomes. These recommendations are often non-binding and common in many markets, especially on online platforms. We develop a theoretical framework and derive two algorithms that...

Persistent link: https://www.econbiz.de/10014442786

Small is successful!? : a study of exit behavior in a declining markets experiment

Erlei, Mathias; Springmann, Jens-Peter - 2006 - Draft: December 2006

This paper provides experimental evidence on exit behavior of asymmetrically sized firms in a duopoly with declining …

Persistent link: https://www.econbiz.de/10010481423

Pricing in asymmetric two-sided markets : a laboratory experiment

Weghake, Jens; Erlei, Mathias; Keser, Claudia; Schmidt, … - 2018 - Version: April 2018

We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two specific research questions: Do participants charge the equilibrium prices that can be derived from a theoretical model? How is the price setting affected by the characteristics...

Persistent link: https://www.econbiz.de/10011825236

Price competition and nominal illusion: experimental evidence and a behavioural model

Morales, Antonio J.; Fatas, Enrique - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 4, pp. 607-632

The standard approach to nominal illusion in Economics sees it as a transitory phenomenon, as economic agents eventually see through the nominal veil, making the right choices. Recent empirical studies suggest that money illusion may persist, distorting real prices in a variety of economic...

Persistent link: https://www.econbiz.de/10012694352

Price competition and market concentration : an experimental study

Dufwenberg, Martin; Genîzî, Ûrî - 1998

The classical price competition model (named after Bertrand), prescribes that in equilibrium prices are equal to marginal costs. Moreover, prices do not depend on the number of competitors. Since this outcome is not in line with real-life observations, it is known as the Bertrand Paradox. Many...

Persistent link: https://www.econbiz.de/10011587852

Quantity Precommitment in an Experimental Oligopoly Market

Muren, Astri - 2001

The paper describes an experiment designed to test if the equilibrium in a market characterized by capacity precommitment followed by price competition, as in the Kreps and Scheinkman model, conforms with the outcome predicted by that model, which is that capacities coincide with Cournot output...

Persistent link: https://www.econbiz.de/10014141363

1
2
3
4
5
6
7
8
9
10
Next
Last