This paper examines the relationship between product innovation and the success of price collusion using novel laboratory experiments. Average market prices in low innovation experiments are significantly higher than those in high innovation, but otherwise identical experiments. This price...

This paper considers an experimental market entry game, where the decision problem involves several heterogeneous markets and players have an opportunity to enter several markets simultaneously. We find that groups fail to coordinate on any of the multiple pure strategy Nash equilibria by...

Networks constrain the evolution of their parts. In living cells, any mutation in the metabolic network responsible for growth should not lead to a deterioration in the fitness of the organism in order for it to spread in the population, otherwise it will be selected against by evolution. And...