orientation. Individuals who are rivalistic in an allocation task indeed bid more aggressively in a laboratory oligopoly market …

A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial … after a merger. Our findings suggest that merger analysis that is based on the assumption that only full cartels forms …

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear … demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many … recurring to cost savings of merger. Firms interact with each other, with customers, suppliers, their owners, and with …

. -- merger ; asymmetric information ; oligopoly ; single crossing …We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard … prediction of the lemons market model–if any, only low-type firms are traded–is likely to be misleading: Merger returns, i.e. the …

We set up a sequential merger game to study a firm's incentives to pass up on an opportunity to merge with another firm …. We find that such incentives may exist when there are efficiency gains from a merger, firms are of different sizes, there …

We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with …

critical discount factor required to sustain collusion. This result is shown to hold for Cournot oligopoly as well as for … Bertrand oligopoly when collusion is sustained with Nash-reversion strategies or optimal-punishment strategies. In a Cournot …