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Strategic delegation in experimental markets
Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - 2000
In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …
Persistent link: https://www.econbiz.de/10009583883
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Output commitment through product bundling : experimental evidence
Hinloopen, Jeroen; Müller, Wieland; Normann, Hans-Theo - 2011
Persistent link: https://www.econbiz.de/10010191078
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Strategic Delegation in Experimental Markets
Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - 2021
In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …
Persistent link: https://www.econbiz.de/10013321092
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Strategic Delegation In Experimental Markets
Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - 2005
In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …
Persistent link: https://www.econbiz.de/10014069988
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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
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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
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Rage against the machines
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10003379095
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Satisficing in sales competition : experimental evidence
Berninghaus, Siegfried; Güth, Werner; Levati, M. Vittoria - 2009
to adjust aspiration levels if they cannot be satisfied. -- satisficing behavior ; duopoly ; profit aspiration ; theory …In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other …
Persistent link: https://www.econbiz.de/10009734685
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Output commitment through product bundling : experimental evidence
Hinloopen, Jeroen; Müller, Wieland; Normann, Hans-Theo - 2013
of moves in the duopoly market. Our data indicate support for the theory of product bundling: with bundling and … theory bundling should not make a difference here. In sum, bundling works as a commitment device that enables the transfer of …
Persistent link: https://www.econbiz.de/10010204789
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Rage against the machines : how subjects learn to play against computers
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10010366554