Information and cost asymmetry in experimental duopoly markets
Article Abstract:
A simulation of the collusive effects of common knowledge on doupolies reveals that information can act as a trade stimulant and a trade restriction. Cooperation or restraint in trade may ensue if the two industries involved are sufficiently similar suggesting that information may result in an increase or decrease in market share. The determining factor in the experiments is the knowledge of profitability which may or may not be made as private information.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1997
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A sequential game model of sports championship series: theory and estimation
Article Abstract:
A best-of-n sequential game model for championship series athletics is estimated using professional sports data.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1999
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