In capacity-then-price-setting games, soft capacity constraints are planned sales amounts where producing above capacity is possible but more costly. While the subgame perfect equilibrium predicts equal prices, experimental evidence often reveals price discrepancies. This failure to coordinate...

Fragen der technologischen und strukturellen Entwicklung einer Volkswirtschaft nehmen im Rahmen der "Schumpeter-Renaissance" der letzten Jahre breiten Raum in wirtschaftstheoretischen und -politischen Diskussionen ein. Das theoretische Interesse konzentriert sich im wesentlichen auf die...

Based on the "acquiring-a-company" game of Samuelson and Bazerman (1985), we theoretically and experimentally analyze the acquisition of a firm. Thereby we compare cases of symmetrically and asymmetrically informed buyers and sellers. This setting allows us to predict and test the effects of...