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.

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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
Research affiliation: OceanRep > The Future Ocean - Cluster of Excellence > FO-R03
OceanRep > The Future Ocean - Cluster of Excellence > FO-R02
Kiel University
OceanRep > The Future Ocean - Cluster of Excellence
Refereed: Yes
ISSN: 0167-4870
Projects: Future Ocean
Date Deposited: 30 Mar 2015 12:51
Last Modified: 13 Apr 2017 13:23
URI: http://oceanrep.geomar.de/id/eprint/28288

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