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Re-matching, information and sequencing effects in posted offer markets

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  • Douglas Davis

    ()

  • Oleg Korenok

    ()

  • Robert Reilly

    ()

Abstract

This paper evaluates the effects of some standard procedural variations on outcomes in posted offer oligopoly experiments. Variations studied include the presence or absence of market information, the use of re-matching or fixed seller pairs and alterations in the order of sequencing. Experimental results indicate that such variations can have first order effects on outcomes. For this reason, we recommend that results in oligopoly experiments be carefully interpreted in light of the procedures selected.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Article provided by Springer in its journal Experimental Economics.

Volume (Year): 12 (2009)
Issue (Month): 1 (March)
Pages: 65-86

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Handle: RePEc:kap:expeco:v:12:y:2009:i:1:p:65-86

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Web page: http://www.springerlink.com/link.asp?id=102888

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Keywords: Market experiments; Oligopoly; Re-matching; Information; Market concentration; C9; D4; L4;

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References

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Cited by:
  1. Douglas D. Davis, 2006. "Pure Numbers Effects, Market Power, and Tacit Collusion in Posted Offer Markets," Working Papers 0603, VCU School of Business, Department of Economics, revised Jan 2009.

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