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This paper analyzes the inner workings of cartels. To understand how sanctioning institutions prevent cartel formation … we study their effect on firms' communication in a laboratory experiment. Using machine learning to organize the chat … suggests that sanctions are effective in hindering cartel formation not only because they introduce a risk of being fined but …
Persistent link: https://www.econbiz.de/10013332300
prices and highest realized gains from trade. Our experiment provides new evidence, from markets with very asymmetrically …
Persistent link: https://www.econbiz.de/10012437539
We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the information available on eBay about buyer experience and...
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This paper analyzes volatility spillovers in multivariate GARCH-type models. We show that the cross-effects between the conditional variances determine the persistence of the transmitted volatility innovations. In particular, the influence of a foreign volatility innovation on a conditional...
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in a laboratory experiment. Our data confirm that placing bid-caps and using favorable tie-breaking rules significantly …
Persistent link: https://www.econbiz.de/10012426931
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