Search

Showing 16,281-16,300 of 16,370 items.

Negotiating Cooperation under Uncertainty: Communication in Noisy, Indefinitely Repeated Interactions

By Fabian Dvorak and Sebastian Fehrler

American Economic Journal: Microeconomics, August 2024

Case studies of cartels and recent theory suggest that communication is a key factor for cooperation under imperfect monitoring, where actions can only be observed with noise. We conduct a laboratory experiment to study how communication affects cooperati...

Dynamic Oligopoly Pricing with Asymmetric Information: Implications for Horizontal Mergers

By Andrew Sweeting, Xuezhen Tao, and Xinlu Yao

American Economic Journal: Microeconomics, August 2024

We model repeated pricing by differentiated product firms when each firm has private information about its serially correlated marginal cost. In a fully separating equilibrium of the dynamic game, signaling incentives can lead equilibrium prices to be sig...

A Kinky Consistency: Experimental Evidence of Behavior under Linear and Nonlinear Budget Constraints

By Emiliano Huet-Vaughn, Ethan M. L. McClure, and Juan Carlos Suárez Serrato

American Economic Journal: Microeconomics, August 2024

Individuals face nonlinear incentives in myriad situations. We test a fundamental assumption in such settings: that individuals display stable preferences when facing linear and nonlinear incentives. We use a laboratory experiment to characterize how reve...