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Certification as a Viable Quality Assurance Mechanism : Theory and Suggestive Evidence

Svitkova, Katarina; Ortmann, Andreas - 2008

particular solution of this problem, certification, where an independent agency provides a costly signal, a certificate, to … nonprofit. The assumptions of our model are derived from stylized facts that we distilled from certification systems currently … literature on certification and provides results that are different from those reported up to now …

Persistent link: https://www.econbiz.de/10014217191

Pre-play communication in Cournot competition: An experiment with students and managers

Waichman, Israel; Requate, Till; Siang, Ch'ng Kean - 2010

This study investigates the impact of pre-play communication on the outcomes in Cournot duopoly and triopoly experiments, using both students and managers as subjects. Communication is implemented by two different devices, a 'standardized-communication' and a free-communication device. We find...

Persistent link: https://www.econbiz.de/10010302699

A Nonparametric Test of Strategic Behavior in the Cournot Model

Deb, Rahul; Fenske, James E. - 2012

We devise a nonparametric test of strategic behavior in a multiproduct Cournot oligopoly. It is assumed that firms have cost functions that do not change over the period of observation but that market demand can change in each period. Market prices and firm-specific production quantities are...

Persistent link: https://www.econbiz.de/10014205902

Voronoi Game on Disjoint Open Curves

Dziubiński, Marcin - 2008

Two players are endowed with resources for setting up N locations on K open curves of identical lengths, with N K ≥ 1. The players alternately choose these locations (possibly in batches of more than one in each round) in order to secure the area closer to their locations than that of their...

Persistent link: https://www.econbiz.de/10014220352

Learning to Collude : A Partial Folk Theorem for Smooth Fictitious Play

Cartea, Álvaro; Chang, Patrick; Penalva, José; … - 2022

We propose an extension to smooth fictitious play and prove that play converges to an ε-Markov perfect equilibrium with probability one in a class of stochastic games known as Markov potential games. We then prove a partial Folk theorem for repeated games under one-period perfect monitoring. We...

Persistent link: https://www.econbiz.de/10014235696

Persuasion Contest : Disclosing Own and Rival Information

Iyer, Ganesh; Singh, Shubhranshu - 2021

This paper investigates a contest in information revelation between firms that seek to persuade consumers by revealing positive own information and negative information about the rival. In the face of limited bandwidth, firms are forced to make a trade-off between disclosing their own positive...

Persistent link: https://www.econbiz.de/10013249789

Do short-term laboratory experiments provide valid descriptions of long-term economic interactions? : a study of Cournot markets

Normann, Hans-Theo; Requate, Tilman; Waichman, Israel - 2013

One key problem regarding the external validity of laboratory experiments is their duration: while economic interactions out in the field are often lengthy processes, typical lab experiments only last for an hour or two. To address this problem for the case of both symmetric and asymmetric...

Persistent link: https://www.econbiz.de/10009775683

Communication in cournot oligopoly

Goltsman, Maria; Pavlov, Gregory - 2012

We study communication in a static Cournot duopoly model under the assumption that the firms have unverifiable private information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms can communicate through a third party,...

Persistent link: https://www.econbiz.de/10009633349

Imitators and Optimizers in Cournot Oligopoly

Schipper, Burkhard - 2005

We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round à la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....

Persistent link: https://www.econbiz.de/10010366551

Pre-play communication in Cournot competition : an experiment with students and managers

Waichman, Israel; Requate, Tilman; Siang, Ch’ng Kean - 2010

This study investigates the impact of pre-play communication on the outcomes in Cournot duopoly and triopoly experiments, using both students and managers as subjects. Communication is implemented by two different devices, a ‘standardized-communication’ and a free-communication device. We...

Persistent link: https://www.econbiz.de/10008696726