Communication in Cournot competition: An experimental study.

Waichman, Israel, Requate, Till and Siang, Ch'ng Kean (2014) Communication in Cournot competition: An experimental study. Journal of Economic Psychology, 42 . pp. 1-16. DOI 10.1016/j.joep.2014.02.005.

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Abstract

This study investigates the impact of communication on outcomes in Cournot duopoly and triopoly experiments. Communication is implemented by two different devices, a 'standardized-communication' and a 'free-communication' device. Using both students and managers as subjects, we find that managers behave in a similar way under both communication devices, while students collude slightly better under free than under standardized communication. Second, while under standardized communication managers select lower outputs than students, we observe no difference in subject pools under free communication. Finally, we observe more collusion in duopoly than in triopoly. (C) 2014 Elsevier B.V. All rights reserved.

Document Type: Article
Additional Information: Times Cited: 0 0
Keywords: Economic Experiment, Cournot oligopoly, Subject-pool effects, Managers, Communication, Cheap talk
Research affiliation: OceanRep > The Future Ocean - Cluster of Excellence > FO-R03
Kiel University
Kiel University > Kiel Marine Science
OceanRep > The Future Ocean - Cluster of Excellence
OceanRep > The Future Ocean - Cluster of Excellence > FO-R02
Refereed: Yes
Open Access Journal?: No
DOI etc.: 10.1016/j.joep.2014.02.005
ISSN: 0167-4870
Projects: Future Ocean
Date Deposited: 30 Mar 2015 12:51
Last Modified: 23 Sep 2019 23:57
URI: http://oceanrep.geomar.de/id/eprint/28288

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