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- Publications
- Influence
Stackelberg Beats Cournot: On Collusion and Efficiency in Experimental Markets
- S. Huck, W. Müller, Hans-Theo Normann
- Economics
- 1 October 2001
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
The Relevance of Equal Splits in Ultimatum Games
TLDR
Big fish eat small fish: on merger in Stackelberg markets
Abstract In this note we show that the profitability of merger in markets with quantity competition does not only depend on cost conditions but also on the market structure and on the involved firms’… Expand
Allais for all: Revisiting the paradox in a large representative sample
We administer the Allais paradox questions to both a representative sample of the Dutch population and to student subjects. Three treatments are implemented: one with the original high hypothetical… Expand
Workaholics and Dropouts in Organizations
- W. Müller, A. Schotter
- Economics
- 1 June 2010
This paper reports the results of experiments designed to test the theory of the optimal composition of prizes in contests. In the aggregate the behavior of subjects is consistent with that predicted… Expand
Burning money and (pseudo) first-mover advantages: an experimental study on forward induction
TLDR
Strategic Delegation in Experimental Markets
- S. Huck, W. Müller, Hans-Theo Normann
- Economics, Business
- 1 May 2000
In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different contracts which determine their managers' salaries. One contract simply gives managers… Expand
To Commit or Not to Commit: Endogenous Timing in Experimental Duopoly Markets
- S. Huck, W. Müller, Hans-Theo Normann
- Economics, Computer Science
- Games Econ. Behav.
- 1 February 2002
TLDR
Job Market Signaling and Screening: An Experimental Comparison
- Dorothea Kübler, W. Müller, Hans-Theo Normann
- Computer Science, Economics
- Games Econ. Behav.
- 1 October 2005
We analyze the Spence education game in experimental markets. We compare a signaling and a screening variant, and we analyze the effect of increasing the number of competing employers from two to… Expand
The Merger Paradox and Why Aspiration Levels Let it Fail in the Laboratory
- S. Huck, K. Konrad, W. Müller, Hans-Theo Normann
- Economics, Mathematics
- 1 July 2007
We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral mergers in experimental Cournot markets with initially three or four firms. Standard… Expand
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