Stackelberg Beats Cournot: On Collusion and Efficiency in Experimental Markets

By Steffen Huck, Wieland Müller, Hans-Theo Normann. 2001

177 citations recorded by the source corpus.

Subfields: Management Science and Operations Research, Safety Research

View Paper: https://www.semanticscholar.org/paper/0ef45c6d9cebb85f6b19ff618b98c9a33a31f3cc

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In Management Science and Operations Research

In Safety Research

Citations in the corpus

A within-subject analysis of other-regarding preferences (2011, result): “10F&S (p. 824) acknowledge that subjects with βi < 0 may exist and indeed behavior consistent with the existence of such preferences has been observed in the Stackelberg experiments of Huck et al. (2001).”
Chapter 8 The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories (2006, methodology): “…than this reference payoff, r(x) (and λ ) are negative and player i wants to hurt player j.17 Cox et al. estimate the parameters of their model separately using the existing experimental data for the mini-ultimatum game (Falk et al., 2003) and for a Stackelberg duopoly game (Huck et al, 2001).”
The Economics of Fairness, Reciprocity and Altruism--Experimental Evidence and New Theories. (2005, methodology): “…than this reference payoff, r(x) (and λ ) are negative and player i wants to hurt player j.17 Cox et al. estimate the parameters of their model separately using the existing experimental data for the mini-ultimatum game (Falk et al., 2003) and for a Stackelberg duopoly game (Huck et al, 2001).”
Simultaneous and Sequential Contributions to Step-level Public Goods (2015, unknown): “First movers behave ‘‘too greedily,’’ as has been observed in previous experiments (e.g., Huck, Muller, and Normann 2001).”
A tractable model of reciprocity and fairness (2007, background): “Huck, Müller, and Normann (2001) present an experiment in which randomly matched pairs of subjects play a Stackelberg duopoly game.”