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We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our … information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
Persistent link: https://www.econbiz.de/10013295651
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our … information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
Persistent link: https://www.econbiz.de/10014487322
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different behavioral rules....
Persistent link: https://www.econbiz.de/10010366552
We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to different informational assumptions, notto different...
Persistent link: https://www.econbiz.de/10011509505
, collusion is much frequent. This shows, more generally, that cooperation can be observed even when individuals interact only …
Persistent link: https://www.econbiz.de/10014122747
We explore targeted punishment as an explanation for collusion among many firms. In a series of Cournot oligopoly … experiments with various numbers of firms, we compare production decisions with and without the possibility to target punishment … collusion. More so, we find that the collusive effect of targeted punishment is even stronger in markets with more competitors …
Persistent link: https://www.econbiz.de/10010222148
We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with …
Persistent link: https://www.econbiz.de/10012134028
foreclosure in laboratory experiments. In one-shot interactions, upstream firms can choose to build a reputation by revealing …
Persistent link: https://www.econbiz.de/10011555141
In economic environments, decision-makers may strategically delay irreversible investments to learn from the actions of others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in investment timings. Players choose when to invest in a...
Persistent link: https://www.econbiz.de/10013375345
Standard models of collusion require that all firms are forward-looking and strategic. When one firm displays naive …
Persistent link: https://www.econbiz.de/10014255442