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experiments with written cheap-talk communication between players and we compare them to treatments without the possibility to … tends to go in hand with supra-competitive profits. We illustrate this issue with laboratory data. We run n-firm Cournot … tacitly but that the number of firms does not significantly affect outcomes with communication. As a result, the payoff gain …
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We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … subjects can only use a limited message space that does not allow communication of contingent strategies. When unlimited pre …-game communication is allowed, a similar initial decline in collusion reverses over time. Content analysis is used to identify multiple …
Persistent link: https://www.econbiz.de/10014197918
We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …
Persistent link: https://www.econbiz.de/10014201287
We investigate the effects of voting rules on delay in a multilateral bargaining experiment with costly communication … and before a proposal is made. In contrast to prior experiments, communication is directly associated with costs in our …. Our design is based on a variant of the Baron-Ferejohn framework. Communication takes place after a proposer is selected …
Persistent link: https://www.econbiz.de/10012230174
experiments. Variations studied include the presence or absence of market information, the use of re-matching or fixed seller … effects on outcomes. For this reason, we recommend that results in oligopoly experiments be carefully interpreted in light of …
Persistent link: https://www.econbiz.de/10005292591
communication frustrates market efficiency in a broad array of situations. Making use of insights gained from a "mole" in the …
Persistent link: https://www.econbiz.de/10008635929
We report a policy experiment that illustrates a potential problem of using historical pass-through rates as a means of predicting the competitive consequences of projected firm-specific cost savings in antitrust contexts, particularly in merger analysis. The effects of cost savings on welfare...
Persistent link: https://www.econbiz.de/10005370866