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Multiple Cournot oligopoly experiments found more collusive behavior in markets with fewer firms (Huck et al., 2004 … higher rates of aggregate collusion in markets with fewer firms are driven by the changes in incentives or focality rather … than purely the number of firms. These findings imply that antitrust policies aimed at preventing collusion should focus on …
Persistent link: https://www.econbiz.de/10012501283
expected. -- Oligopoly ; Collusion ; experiment ; Uncertainty ; negative externalities ; prisoner's dilemma … is highest if only the competitor(s) is (are) loyal to the cartel. Yet collusion inflicts harm on the opposite market … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …
Persistent link: https://www.econbiz.de/10008822475
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
. In alaboratory experiment we test the different theories by systematically varying informationconditions. We find that …
Persistent link: https://www.econbiz.de/10011509505
laboratory experiment we test the different theories by systematically varying information conditions. We find significant …
Persistent link: https://www.econbiz.de/10010366552
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian …
Persistent link: https://www.econbiz.de/10003593007
facilitates collusion and discourages deviation. -- Laboratory experiments ; industrial organisation ; oligopoly ; price … to game-theoretic reasoning, our results show that collusion is significantly larger when the demand shrinks than when it … competition ; collusion …
Persistent link: https://www.econbiz.de/10002626552
We run a market experiment where firms can choose not only their price but also whether to present comparable offers …
Persistent link: https://www.econbiz.de/10010433911
conduct a laboratory experiment where firms decide only about their production levels first, and the information they receive … difference in average total outputs across data aggregation and information settings. However, we observe more collusion when …
Persistent link: https://www.econbiz.de/10010530643
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two …
Persistent link: https://www.econbiz.de/10011825236