Showing 51 - 60 of 600
We examine behavior in Cournot and Stackelberg markets in a simple experiment where participants experience both market forms. Moreover, Stackelberg followers have to submit full response strategies. Our main finding is that Stackelberg followers employ rather flat, reciprocal response function,...
Persistent link: https://www.econbiz.de/10005416928
This paper analyzes the impact of three termination rules for repeated- game experiments. We compare treatments with a known finite end, an unknown end and two variants with a random termination rule. The termination rules do not significantly eect cooperation rates.
Persistent link: https://www.econbiz.de/10005652701
This paper provides the first experimental test of Edward Lazear's (1979) model of deferred compensation. We examine the relationship between firms' wage offers and workers' effort supply in a multi-period environment. If firms can ex ante commit to a wage schedule with deferred compensation,...
Persistent link: https://www.econbiz.de/10008924593
We present a laboratory experiment on the impact of price framing on consumer decision making. Consumer subjects face a search market where two sellers offer a homogenous good. We examine six different price frames with linear per-unit pricing (that is displayed as such) serving as a benchmark....
Persistent link: https://www.econbiz.de/10010983258
Persistent link: https://www.econbiz.de/10008666073
Persistent link: https://www.econbiz.de/10003976395
Persistent link: https://www.econbiz.de/10003629315
This paper analyzes the impact vertical integration has on upstream collusion when the price of the input is linear. As a first step, the paper derives the collusive equilibrium that requires the lowest discount factor in the infinitely repeated game when one firm is vertically integrated. It...
Persistent link: https://www.econbiz.de/10003861823
Persistent link: https://www.econbiz.de/10003854513
The hypothesis that vertically integrated firms have an incentive to foreclose the input market because foreclosure raises its downstream rivals' costs is the subject of much controversy in the theoretical industrial organization literature. A powerful argument against this hypothesis is that,...
Persistent link: https://www.econbiz.de/10008666950