offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the …

This paper presents an experiment to test effects of sequential entry on stability of collusion in oligopoly markets …. Previous research suggests that the larger the number of firms, the harder it is to sustain collusion. We find that when groups … start off small and the entrant is informed about the history of her group, collusion is easier to sustain than in groups …

normative assessment. R&D agreements have a much smaller effect on later competition in the product market if they serve as a … clearing an R&D agreement can be beneficial since it removes the additional collusion incentive resulting from fear that … risk of collusion in the product market if products are substitutes, if capacity cannot immediately be extended, if market …

From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is … is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …

difference in average total outputs across data aggregation and information settings. However, we observe more collusion when …

actions (positive reciprocity). We find that collusion is easier to sustain when firms have a concern for reciprocity towards … concerns among firms can have adverse welfare consequences for consumers. …

information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …

information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …

before price choices, and prior competition experience as crucial factors for collusive pricing. The theoretical analysis …