Information and coordination frictions in experimental posted offer markets
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Cites work
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- Collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives
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- Counterintuitive number effects in experimental oligopolies
- Directed search, coordination failure, and seller profits: an experimental comparison of posted pricing with single and multiple prices
- Equilibrium Price Dispersion
- From imitation to collusion: long-run learning in a low-information environment
- Informative Price Advertising in a Sequential Search Model
- Price floors and competition
- Quantal response equilibria for normal form games
- Regular quantal response equilibrium
- Risk averse behavior in generalized matching pennies games.
- Strategic Pricing, Consumer Search and the Number of Firms
Cited in
(8)- Sequential price setting: theory and evidence from a lab experiment
- Information frictions and market power: a laboratory study
- Can paying politicians well reduce corruption? The effects of wages and uncertainty on electoral competition
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- Information, coordination, and market frictions: an introduction
- Intertemporal pricing in laboratory posted offer markets with differential information
- Some factors affecting demand withholding in posted-offer markets
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