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Strategic delegation in experimental markets

Huck, Steffen; Müller, Wieland; Normann, Hans-Theo - 2000

In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …

Persistent link: https://www.econbiz.de/10009583883

Imitation : theory and experimental evidence

Apesteguia, Jose; Huck, Steffen; Oechssler, Joerg - 2005

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/10003023525

Do forward markets enhance competition? : experimental evidence

Le Coq, Chloé (contributor); Orzen, Henrik (contributor) - 2002 - [Elektronische Ressource], Rev. October 1, 2004

than predicted. -- Cournot Competition ; Forward Markets ; Spot Markets ; Experiments …

Persistent link: https://www.econbiz.de/10001693096

Imitation and the Evolution of Walrasian Behavior : Theoretically Fragile but Behaviorally Robust

Apesteguia, Jose - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the …

Persistent link: https://www.econbiz.de/10012772613

The Differential Impact of Accurate Product Cost Information in Imperfectly Competitive Markets : A Theoretical and Empirical Investigation

Callahan, Carolyn M. - 2000

imprecise cost signal in two imperfect market structures: Cournot competition and Bertrand competition with imperfectly … leadership (which we demonstrate may be characterized as Cournot competition) benefit through increased profits from increased …, profit was higher in the experimental cost leadership markets (operationalized as Cournot markets) when subjects knew their …

Persistent link: https://www.econbiz.de/10012788968

An Experiment on Democratic Versus Dictatorial Collective Decision Making

Hargreaves Heap, Shaun P. - 2015

We report on an experiment that tests for the effects of democratic versus hierarchical rules for joint decision making in organizations, like companies, which operate in a competitive environment. While discussion improves outcomes via an effect on public goods contributions, we find that there...

Persistent link: https://www.econbiz.de/10013019236

Is a "firm" a firm? : a Stackelberg experiment

Hildenbrand, Andreas - 2013

Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly theory. Experimental industrial organization, therefore, faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals...

Persistent link: https://www.econbiz.de/10009739507

Is a "firm" a firm? : a Stackelberg experiment

Hildenbrand, Andreas - 2012

Industrial organization is mainly concerned with the behavior of large firms. Experimental industrial organization therefore faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals "firms"! This experimental approach is not in line...

Persistent link: https://www.econbiz.de/10009538085

Imperfect Tacit Collusion and Asymmetric Price Transmission

Bulutay, Muhammed; Hales, David; Julius, Patrick; … - 2021

We investigate asymmetric price transmission (APT) in laboratory experiments and find that imperfect tacit collusion is likely the cause in our otherwise frictionless markets. We vary the number of sellers across markets to evaluate the role competition plays in APT. We report similar magnitudes...

Persistent link: https://www.econbiz.de/10013312514

Imitation - Theory and Experimental Evidence

Apesteguia, Jose; Huck, Steffen; Oechssler, Joerg - 2021

We introduce a generalized theoretical approach to study imitation models and subject the models 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...

Persistent link: https://www.econbiz.de/10013319694