Konferenzbeitrag
Capacity precommitment and price transparency platforms. Theoretical benchmark and experimental evidence
Price transparency in the sense of ‘more information for customers’ is known to increase efficiency. However, the introduction of price transparency platforms does not only providemore information for customers but also for rival firms—who may (mis)use the legal information channel to collude. We experimentally investigate transparency platforms in the context of a capacity-then-price setting game. Price transparency is implemented by allowing firms to send non-binding price messages after capacity but before price choices. As such messages are cheap talk they do not affect the subgame perfect equilibrium of the game. In our experiment, however, we find collusive price choices when price messages are possible, especially when they are truthful. While we find strong support for the theoretically predicted negative relation between capacities and prices, participants frequently install excessive capacities, which, in turn, induce collusive pricing behavior.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Experimental IO ; No. E05-V3
- Klassifikation
-
Wirtschaft
Noncooperative Games
Design of Experiments: Laboratory, Individual
Monopolization; Horizontal Anticompetitive Practices
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stadler, Manfred
Güth, Werner
Zaby, Alexandra
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Kiel und Hamburg
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Stadler, Manfred
- Güth, Werner
- Zaby, Alexandra
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2016
Ähnliche Objekte (12)
Capacity precommitment, communication, and collusive pricing: Theoretical benchmark and experimental evidence
Preemption in Capacity and Price Determination - A Study of Endogenous Timing of Decisions for Homogeneous Markets
Preemption in capacity and price determination: A study of endogenous timing of decisions for homogeneous markets
Collectively ranking candidates: An axiomatic approach
Do banks crowd in or out business ethics? An indirect evolutionary analysis
A non-Bayesian approach to (un)bounded rationality
(Non-) behavioral economics: a programmatic assessment
Robust learning experiments: Evidence for learning and deliberation
Specific institutional aspects of international cooperation: A game theoretic account
Endogenous community formation and collective provision: A procedurally fair mechanism
Boundedly Rational Decision Emergence - A General Perspective and Some Selective Illustrations
Rules (of bidding) to generate equal stated profits: An axiomatic approach
Capacity precommitment, communication, and collusive pricing: Theoretical benchmark and experimental evidence
Preemption in Capacity and Price Determination - A Study of Endogenous Timing of Decisions for Homogeneous Markets
Preemption in capacity and price determination: A study of endogenous timing of decisions for homogeneous markets
Collectively ranking candidates: An axiomatic approach
Do banks crowd in or out business ethics? An indirect evolutionary analysis
A non-Bayesian approach to (un)bounded rationality
(Non-) behavioral economics: a programmatic assessment
Robust learning experiments: Evidence for learning and deliberation
Specific institutional aspects of international cooperation: A game theoretic account
Endogenous community formation and collective provision: A procedurally fair mechanism
Boundedly Rational Decision Emergence - A General Perspective and Some Selective Illustrations
Rules (of bidding) to generate equal stated profits: An axiomatic approach
Capacity precommitment, communication, and collusive pricing: Theoretical benchmark and experimental evidence
Preemption in Capacity and Price Determination - A Study of Endogenous Timing of Decisions for Homogeneous Markets
Preemption in capacity and price determination: A study of endogenous timing of decisions for homogeneous markets
Collectively ranking candidates: An axiomatic approach
Do banks crowd in or out business ethics? An indirect evolutionary analysis
A non-Bayesian approach to (un)bounded rationality
(Non-) behavioral economics: a programmatic assessment
Robust learning experiments: Evidence for learning and deliberation
Specific institutional aspects of international cooperation: A game theoretic account
Endogenous community formation and collective provision: A procedurally fair mechanism
Boundedly Rational Decision Emergence - A General Perspective and Some Selective Illustrations