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Why factors facilitating collusion may not predict cartel occurrence : experimental evidence
Fonseca, Miguel A.; Li, Yan; Normann, Hans-Theo - 2018
experiments with written cheap-talk communication between players and we compare them to treatments without the possibility to …Factors facilitating collusion may not successfully predict cartel occurrence: when a factor predicts that collusion … tacitly but that the number of firms does not significantly affect outcomes with communication. As a result, the payoff gain …
Persistent link: https://www.econbiz.de/10011844753
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Explicit vs. tacit collusion : the impact of communication in oligopoly experiments
Fonseca, Miguel A.; Normann, Hans-Theo - In: European economic review : EER 56 (2012) 8, pp. 1759-1772
Persistent link: https://www.econbiz.de/10009706419
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How much you talk matters : cheap talk and collusion in a Bertrand oligopoly game
Lee, Jun Yeong - 2020
This study investigates the impact of cheap talk on price in a repeated Bertrand oligopoly experiment. Each participant plays 20 rounds. Participants are placed in three-person bidding groups where the lowest bid wins. During the first 10 rounds, participants are not allowed to communicate with...
Persistent link: https://www.econbiz.de/10012848520
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Communication and market sharing : an experiment on the exchange of soft and hard information
Freitag, Andreas; Roux, Catherine; Thöni, Christian - 2019
We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with …. We find that the effect of communication on the firms' ability to collude depends on the type of information available … strategy, even if stated only once, drives this strong effect. Our results point to the types and contents of communication …
Persistent link: https://www.econbiz.de/10012134028
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Frequency of interaction, communication and collusion : an experiment
Bigoni, Maria; Potters, Jan; Spagnolo, Giancarlo - In: Economic theory : official journal of the Society for … 68 (2019) 4, pp. 827-844
Persistent link: https://www.econbiz.de/10012213132
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The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism
Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005
Persistent link: https://www.econbiz.de/10010371081
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The behavioural mechanisms of voluntary cooperation in WEIRD and non-WEIRD societies
Weber, Till O.; Beranek, Benjamin; Gächter, Simon; … - 2021
cooperation. We deploy our framework in one-shot public goods experiments in the US and the UK, and in Morocco and Turkey. We find …
Persistent link: https://www.econbiz.de/10012549763
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The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism
Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005
This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior.
Persistent link: https://www.econbiz.de/10010440439
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Fairness and incentives in a multi-task principal-agent model
Fehr, Ernst; Schmidt, Klaus M. - 2004 - This version: April 30, 2004
This paper reports on a two-task principal-agent experiment in which only one task is contractible. The principal can either offer a piece-rate contract or a (voluntary) bonus to the agent. Bonus contracts strongly outperform piece rate contracts. Many principals reward high efforts on both...
Persistent link: https://www.econbiz.de/10010440447
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Chapter 8 The Economics of Fairness, Reciprocity and Altruism Experimental Evidence and New Theories
Fehr, Ernst; Schmidt, Klaus M. - In: Handbook of the economics of giving, altruism and …, (pp. 615-691). 2006
Most economic models are based on the self-interest hypothesis that assumes that material self-interest exclusively motivates all people. Experimental economists have gathered overwhelming evidence in recent years, however, that systematically refutes the self-interest hypothesis, suggesting...
Persistent link: https://www.econbiz.de/10014023675