Arbeitspapier
Rebels without a clue? Experimental evidence on partial cartels
This paper provides experimental evidence on the formation of partial cartels with endogenous coordination. Firms face a coordination challenge when a partial cartel is to be formed as every firm is better off if it is not inside the cartel but is a free-riding outsider. We introduce a three-stage mechanism with communication which facilitates the formation of a cartel and respectively allows the formation of a partial cartel. All-inclusive cartels are always formed. We find that partial cartels are frequently rejected out-of-equillibrium if moutside firms profit excessively from the formation of the cartel.
- ISBN
-
978-3-86304-068-0
- Sprache
-
Englisch
- Erschienen in
-
Series: DICE Discussion Paper ; No. 69
- Klassifikation
-
Wirtschaft
Design of Experiments: Laboratory, Group Behavior
Institutions: Design, Formation, Operations, and Impact
Monopolization; Horizontal Anticompetitive Practices
- Thema
-
Partial Cartels
Coordination
Communication
Experiment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Clemens, Georg
Rau, Holger A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
- (wo)
-
Düsseldorf
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Clemens, Georg
- Rau, Holger A.
- Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
Entstanden
- 2013
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