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

Author

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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.)

Suggested Citation

  • Douglas Davis & Oleg Korenok & Robert Reilly, 2009. "Re-matching, information and sequencing effects in posted offer markets," Experimental Economics, Springer;Economic Science Association, vol. 12(1), pages 65-86, March.
  • Handle: RePEc:kap:expeco:v:12:y:2009:i:1:p:65-86
    DOI: 10.1007/s10683-008-9195-3
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    References listed on IDEAS

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    Cited by:

    1. Davis, Douglas, 2009. "Pure numbers effects, market power, and tacit collusion in posted offer markets," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 475-488, October.

    More about this item

    Keywords

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

    JEL classification:

    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • L4 - Industrial Organization - - Antitrust Issues and Policies

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