Buyer power in bilateral oligopolies with advance production: Experimental evidence

被引：5

作者：

Orland, Andreas ^{[1
]}

Selten, Reinhard ^{[2
]}

机构：

[1] Univ Potsdam, Dept Econ, August Bebel Str 89, D-14482 Potsdam, Germany

[2] Univ Bonn, Lab Expt Econ, Adenauerallee 24-42, D-53113 Bonn, Germany

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2016年 / 122卷

关键词：

Buyer power; Demand structure; Oligopoly; Advance production; Laboratory experiment; QUANTITY PRECOMMITMENT; PRICE; COMPETITION; COLLUSION; FAIRNESS; CAPACITY; MODEL;

D O I：

10.1016/j.jebo.2015.11.016

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We conduct experiments based on the oligopoly model by Kreps and Scheinkman (1983) to assess the impact of demand side concentration on market outcomes. Both buyers and sellers in our markets are humans. The number of firms is fixed at three in all treatments. Only the number of buyers is varied and total demand is split equally among them. We observe that firms set lower prices in markets with only few buyers, namely one or two. Price dispersion is higher in markets with few buyers. Aggregate demand withholding decreases with the number of buyers. This results in lower profits for firms and higher profits for buyers in markets with few buyers. (C) 2015 Elsevier B.V. All rights reserved.

引用

页码：31 / 42

页数：12

共 50 条

[31] Clinical and experimental evidence of inhibition of testosterone production by suramin
Danesi, R
LaRocca, RV
Cooper, MR
Ricciardi, MP
Pellegrini, A
Soldani, P
Kragel, PJ
Paparelli, A
DelTacca, M
Myers, CE
[J]. JOURNAL OF CLINICAL ENDOCRINOLOGY & METABOLISM, 1996, 81 (06): : 2238 - 2246
[32] Bilateral deficit in power production during multi-joint leg extensions
Dickin, D. Clark
Sandow, Ron
Dolny, Dennis G.
[J]. EUROPEAN JOURNAL OF SPORT SCIENCE, 2011, 11 (06) : 437 - 445
[33] Experimental and Theoretical Modeling of Power Consumption in Fiberboard Production
Chistova, N. G.
[J]. LESNOY ZHURNAL-FORESTRY JOURNAL, 2014, (01) : 109 - 117
[34] Gaining power through enlargement: Strategic foundations and experimental evidence
Drouvelis, Michalis
Montero, Maria
Sefton, Martin
[J]. GAMES AND ECONOMIC BEHAVIOR, 2010, 69 (02) : 274 - 292
[35] On the power of confession evidence: An experimental test of the fundamental difference hypothesis
Kassin, SM
Neumann, K
[J]. LAW AND HUMAN BEHAVIOR, 1997, 21 (05) : 469 - 484
[36] Experimental evidence of collisionless power absorption in inductively coupled plasmas
Godyak, VA
Piejak, RB
Alexandrovich, BM
Kolobov, VI
[J]. PHYSICAL REVIEW LETTERS, 1998, 80 (15) : 3264 - 3267
[37] Allowing for two production periods in the Cournot duopoly:: Experimental evidence
Müller, W
[J]. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2006, 60 (01) : 100 - 111
[38] Effect of water breakthrough on sand production: Experimental and field evidence
不详
[J]. JOURNAL OF PETROLEUM TECHNOLOGY, 1998, 50 (03): : 78 - +
[39] Are Production Decisions Decoupled under a Bond Scheme? Experimental Evidence
Nagler, Amy M.
Menkhaus, Dale J.
Bastian, Christopher T.
Ballenger, Nicole S.
O'Donoghue, Erik
Young, C. Edwin
[J]. REVIEW OF AGRICULTURAL ECONOMICS, 2009, 31 (02): : 222 - 230
[40] Experimental evidence for the volitional control of vocal production in an immature gibbon
Koda, Hiroki
Oyakawa, Chisako
Kato, Akemi
Masataka, Nobuo
[J]. BEHAVIOUR, 2007, 144 : 681 - 692

← 1 2 3 4 5 →