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Pricing in asymmetric two-sided markets : a laboratory experiment

Weghake, Jens; Erlei, Mathias; Keser, Claudia; Schmidt, … - 2018 - Version: April 2018

We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two …

Persistent link: https://www.econbiz.de/10011825236

Prices and portfolio choices in financial markets : theory, econometrics, experiments

Bossaerts, Peter L. (contributor); … - 2007

Many tests of asset pricing models address only the pricing predictions - but these pricing predictions rest on portfolio choice predictions which seem obviously wrong. This paper suggests a new approach to asset pricing and portfolio choices, based on unobserved heterogeneity. This approach...

Persistent link: https://www.econbiz.de/10003549745

Transfer Paradox in a General Equilibrium Economy : a First Experimental Investigation

Kamei, Kenju - 2020

harming the recipient, is a classic paradox in general equilibrium theory. This paper pursues an experimental investigation of … economy. The experiment results indicate that a transfer of endowments among agents influenced the market clearing price, and … consequently the donors benefited from this transfer, consistent with the competitive equilibrium theory. The equilibrium effects …

Persistent link: https://www.econbiz.de/10012832874

Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences

Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017

Prior laboratory experiments have studied general equilibrium economies constructed from \induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, \homegrown" preferences. Our subjects reveal their preferences...

Persistent link: https://www.econbiz.de/10011771668

Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences

Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017

Prior laboratory experiments have studied general equilibrium economies constructed from "induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, "homegrown" preferences. Our subjects reveal their preferences...

Persistent link: https://www.econbiz.de/10011758295

Gender and collusion

Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

Persistent link: https://www.econbiz.de/10012938866

Oligopoly Competition in Continuous Time

Horstmann, Niklas - 2016

We conduct oligopoly competition experiments with differentiated goods in discrete and continuous time. Continuous time experiments allow for real-time, asynchronous strategic interaction and are therefore argued to be a more realistic mode of interaction, particularly in the context of...

Persistent link: https://www.econbiz.de/10013004246

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

Gender and collusion

Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022

Persistent link: https://www.econbiz.de/10012886259

Gender and Collusion

Haucap, Justus; Heldman, Christina; Rau, Holger Andreas - 2022

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals’ incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

Persistent link: https://www.econbiz.de/10013296722