Capacity precommitment, communication, and collusive pricing. Theoretical benchmark and experimental evidence

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dc.contributor.author Güth, Werner
dc.contributor.author Stadler, Manfred
dc.contributor.author Zaby, Alexandra
dc.date.accessioned 2018-11-29T07:09:51Z
dc.date.available 2018-11-29T07:09:51Z
dc.date.issued 2018-11-27
dc.identifier.other 514612622
dc.identifier.uri http://hdl.handle.net/10900/85071
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-dspace-850718 de_DE
dc.identifier.uri http://dx.doi.org/10.15496/publikation-26461
dc.description.abstract In a capacity-then-price-setting game we experimentally identify capacity precommitment, the possibility to communicate before price choices, and prior competition experience as crucial factors for collusive pricing. The theoretical analysis determines the capacity thresholds above which firms have an incentive to coordinate on higher prices. The experimental data reveals that such intra-play communication after capacity but before price choices has a collusive effect only for capacity levels exceeding these thresholds. Subjects with high capacities generally choose higher prices when they have the possibility to communicate. Asymmetry in capacity choices decreases the truthfulness of price messages as well as the probability to coordinate on the same price. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Economics de_DE
dc.subject.ddc 330 de_DE
dc.subject.other capacity-then-price competition en
dc.subject.other excessive capacities en
dc.subject.other cheap talk en
dc.subject.other intra-play communication en
dc.subject.other collusion en
dc.subject.other experimental economics en
dc.title Capacity precommitment, communication, and collusive pricing. Theoretical benchmark and experimental evidence en
dc.type Aufsatz de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; 114 de_DE

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Aufrufstatistik

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