Transport markets involve interactions between multiple groups of decision-makers, hence
they are good candidates to be analyzed through the prism of game theory. The many …

This paper surveys the empirical literature on gasoline retailing, which has been growing
rapidly over the last three decades, possibly in response to antitrust and regulatory concerns …

While there is an extensive literature on the theory of infinitely repeated games, empirical
evidence on how “the shadow of the future” affects behavior is scarce and inconclusive. I …

In this paper we investigate how the competitiveness of Cournot markets varies with the
number of firms in an industry. We review previous Cournot experiments in the literature …

We explore the difference between explicit and tacit collusion by investigating the impact
communication has in experimental markets. For Bertrand oligopolies with various numbers …

Despite the contrast between the relative simplicity of the laboratory and the complexity of
most naturally occurring markets, there is a well-established tradition of experimental …

Leniency clauses, offering cartelists legal immunity if they blow the whistle on each other, is
a recent anti-trust innovation. The authorities wish to thwart cartels and promote competition …

In this article we report an experiment that examines how demand-side bidding can
discipline generators in a market for electric power. First we develop a treatment without …

This paper examines whether the conclusions of standard supply-chain models carry over to
repeated supply-chain relationships. The past models assume profit-maximizing agents in …

This research examines results from laboratory experiments in which five human subjects
participate as sellers in a Cournot oligopoly environment. The central issue is whether …