• Publications
  • Influence
Two are few and four are many: number effects in experimental oligopolies
In this paper we investigate how the competitiveness of Cournot markets varies with the number of firms in an industry. We review previous Cournot experiments in the literature. Additionally, weExpand
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Learning in Cournot Oligopoly - An Experiment
This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive theoretical predictions for the learning theories and test these predictions by varyingExpand
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More Order with Less Law: On Contract Enforcement, Trust and Crowding
Most contracts, whether between voters and politicians or between house owners and contractors, are incomplete. “More law,” it typically is assumed, increases the likelihood of contract performanceExpand
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Matched Fundraising: Evidence from a Natural Field Experiment
We present evidence from a natural field experiment designed to shed light on the efficacy of fundraising schemes in which donations are matched by a lead donor. In conjunction with the BavarianExpand
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Stackelberg Beats Cournot: On Collusion and Efficiency in Experimental Markets
We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. We implement both a random matching and a fixed-pairs version for each market.Expand
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The Relevance of Equal Splits in Ultimatum Games
TLDR
We present a slightly altered version of the mini ultimatum game of G. Bolton and Zwick in which the “fair offer” can be slightly unfair. Expand
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Does information about competitors' actions increase or decrease competition in experimental oligopoly markets?
This paper investigates the impact of information about rivals' actions on the competitiveness of experimental oligopoly markets. We compare two treatments: in one, firms are informed about theirExpand
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Playing Cournot although they shouldn’t
Summary.In this note, we experimentally investigate the extended game with action commitment in a Cournot duopoly with asymmetric cost. Risk dominance considerations allow to select a uniqueExpand
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Imitation - Theory and Experimental Evidence
TLDR
We introduce a generalized theoretical approach to study imitation models and subject the models to rigorous experimental testing. Expand
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Behavioral Economics as Applied to Firms: A Primer
We discuss the literatures on behavioral economics, bounded rationality and experimental economics as they apply to firm behaviour in markets. Topics discussed include the impact of imitative andExpand
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