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spillovers and the intensity of competition. Consistently with the theory, we find that the probability of cooperation increases … in the level of spillovers and decreases in that of market competition. We then replicate the experimental markets by … providing subsidies to subjects who cooperate. Subsidies relevantly increase the probability of cooperation in focus markets …
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spillovers and the intensity of competition. Consistently with the theory, we find that the probability of cooperation increases … in the level of spillovers and decreases in that of market competition. We then replicate the experimental markets by … providing subsidies to subjects who cooperate. Subsidies relevantly increase the probability of cooperation in focus markets …
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