An experiment on spatial competition with endogenous pricing

International Journal of Industrial Organization

Volumn 29, Issue 1, 2011, Pages 74-83

  Barreda Tarrazona, Iván ^a   García Gallego, Aurora ^a,b   Georgantzís, Nikolaos ^b   Andaluz Funcia, Joaquín ^c   Gil Sanz, Agustín ^c  

^a UNIVERSITAT JAUME I   (Spain)

^b UNIVERSITY OF GRANADA   (Spain)

^c UNIVERSITY OF ZARAGOZA   (Spain)

Author keywords

Price competition; Product differentiation; Sharing rules

Indexed keywords

COLLECTIVE DECISION MAKING; EXPERIMENTAL CONDITIONS; ODD NUMBERS; PRICE COMPETITION; PRODUCT DIFFERENTIATION; RISK AVERSION; RISK NEUTRALITY; SHARING RULES; SPATIAL COMPETITION;

COSTS; DECISION MAKING; TELECOMMUNICATION INDUSTRY;

COMPETITION;

EID: 78651107858     PISSN: 01677187     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijindorg.2010.02.001     Document Type: Article

References (33)

1. E. Appelbaum, and E. Katz Measures of risk aversion and comparative statics of industry equilibrium American Economic Review 76 1986 524 529
2. M. Arellano, and S. Bond Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations Review of Economic Studies 58 1991 277 297
3. D.J. Aron Diversification as a strategic pre-emptive weapon Journal of Economics and Management Strategy 2 1993 41 70
4. M. Asplund Risk averse firms in oligopoly International Journal of Industrial Organization 20 2002 995 1012
5. C. D'Aspremont, J.J. Gabszewicz, and J.F. Thisse On Hotelling's stability in competition Econometrica 47 1979 1145 1150
6. D.P. Baron Price uncertainty, utility, and industry equilibrium in pure competition International Economic Review 11 1970 463 480
7. D.P. Baron Demand uncertainty and imperfect competition International Economic Review 12 1971 196 208
8. O. Becker, and R. Selten Experiences with the management game SINTO-Market H. Sauermannn, Contributions to Experimental Economics 1970 J.C.B. Mohr (Paul Siebeck Tubigen 136 150
9. O. Becker, T. Feit, V. Hofer, U. Leopold-Wildburger, and R. Selten Educational effects in an experiment with the management game SINTO-Market Central European Journal of Operations Research 15 2007 301 308
10. T. Bresnahan Empirical Studies of Industries with Market Power R. Schmalensee, R.D. Willig, Handbook of Industrial Organization 2 chapter 17 1989 1011 1057
11. J. Brown-Kruse, M.B. Cronshaw, and D.J. Schenk Theory and experiments on spatial competition Economic Inquiry 31 1993 139 165
12. J. Brown-Kruse, and D.J. Schenk Location, cooperation and communication: an experimental examination International Journal of Industrial Organization 18 2000 59 80
13. E. Camacho-Cuena, A. García-Gallego, N. Georgantzís, and G. Sabater-Grande Buyer-seller interaction in experimental spatial markets Regional Science and Urban Economics 35 2005 89 105
14. R. Collins, and K. Sherstyuk Spatial competition with three firms: an experimental study Economic Inquiry 38 2000 73 94
15. A. Downs An economic theory of democracy 1957 Harper and Row New York
16. B.C. Eaton, and R.G. Lipsey The principle of minimum differentiation reconsidered: some new developments in the theory of spatial competition Review of Economic Studies 42 1975 27 49
17. N. Economides Minimal and maximal product differentiation in Hotelling's duopoly Economics Letters 21 1 1986 67 71
18. D. Greenaway The measurement of product differentiation in empirical studies of trade flows H. Kierzkowski, Monopolistic Competition and International Trade 1984 Oxford University Press Oxford
19. J. Harsanyi Games with incomplete information played by Bayesian players, parts I, II and III Management Science 14, 1967 159-82; 320-334; 486-502
20. H. Hotelling Stability in competition Economic Journal 39 1929 41 57
21. S. Huck, W. Müller, and N.J. Vriend The East end, the West end, and King's cross: on clustering in the four-player Hotelling game Economic Inquiry 40 2002 231 240
22. M. Hviid Risk-averse duopolists and voluntary information transmission Journal of Industrial Economics 38 1989 49 64
23. K. Judd Credible spatial pre-emption Rand Journal of Economics 16 1985 153 166
24. J.L. Kao, and J.S. Hughes Note on risk aversion and sharing of firm-specific information in duopolies Journal of Industrial Economics 41 1993 103 112
25. H. Leland Theory of the firm facing random demand American Economic Review 62 1972 278 291
26. X. Martínez-Giralt, and D. Neven Can price competition dominate market segmentation? Journal of Industrial Economics 36 1988 431 442
27. M. Osborne Candidate positioning and entry in a political competition Games and Economic Behavior 5 1993 133 151
28. H. Orzen, and M. Sefton An experiment on spatial price competition International Journal of Industrial Organization 26 2008 716 729
29. S.J. Prais, and C.B. Winsten Trend estimators and serial correlation Cowles Commission Discussion Paper 383 1954 Chicago
30. M. Rubinstein The valuation of uncertain income streams and the pricing of options Bell Journal of Economics and Management Science 7 1976 407 425
31. A. Sandmo On the theory of the competitive firm under price uncertainty American Economic Review 61 1971 65 73
32. R. Schmalensee Inter-industry studies of structure and performance R. Schmalensee, R.D. Willig, Handbook of Industrial Organization 2, chapter 16 1989 951 1009
33. A. Shaked, and J. Sutton Relaxing price competition through product differentiation Review of Economic Studies 49 1 1982 3 13