Bargaining versus posted price competition in customer markets

International Journal of Industrial Organization

Volumn 21, Issue 2, 2003, Pages 223-251

  Cason, Timothy N ^a   Friedman, Daniel ^b   Milam, Garrett H ^c  

^a PURDUE UNIVERSITY   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

^c RYERSON UNIVERSITY   (Canada)

Author keywords

Experiment; Market power; Posted offers; Sticky prices

Indexed keywords

EID: 84867962358     PISSN: 01677187     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0167-7187(02)00056-5     Document Type: Article

References (33)

1. J. Bertrand Theorie mathematique de la richesse sociale Journal des Savants 1883 499 508
2. K. Burdett, and K. Judd Equilibrium price dispersion Econometrica 50 1983 955 970
3. G. Camera, and A. Delacroix Bargaining Or Price Posting Purdue University Working Paper 2001
4. T. Cason, and D. Friedman Price formation in double auction markets Journal of Economic Dynamics and Control 20 1996 1307 1337
5. T. Cason, and D. Friedman Buyer Search and Price Dispersion: A Laboratory Study Purdue University Working Paper 2001
6. T. Cason, and D. Friedman A Laboratory Study of Customer Markets, Advances in Economic Analysis & Policy, Vol. 2, No. 1, article 1, http://www.bepress.com/bejeap/advances/vol2/iss1/art1 Purdue University Working Paper 2002
7. R. Coase The problem of social cost Journal of Law and Economics 3 1960 1 44
8. D. Davis, and C. Holt The effects of discounting opportunities in laboratory posted offer markets Economics Letters 44 1994 249 253
9. D. Davis, and C. Holt Price rigidities and institutional variations in markets with posted prices Economic Theory 9 1997 63 80
10. D. Davis, and C. Holt Conspiracies and secret discounts in laboratory markets The Economic Journal 108 1998 736 756
11. D. De Meza The Coase theorem P. Newman, The New Palgrave Dictionary of Economics and the Law 1998 Macmillan New York 270 281
12. P. Diamond A model of price adjustment Journal of Economic Theory 3 1971 156 168
13. Eisenberg, A.; 2000, WHAT'S NEXT; In online auctions of the future, it'll be bot vs. bot vs. bot, New York Times, Circuits, August 17.
14. C. Geertz, H. Geertz, and L. Rosen Meaning and Order in Moroccan Society 1979 Cambridge University Press Cambridge
15. E. Hoffman, and M. Spitzer Entitlements, rights, and fairness - an experimental examination of subjects concepts of distributive justice Journal of Legal Studies 14 1985 259 297
16. C. Holt Industrial organization: a survey of laboratory research J. Kagel, A. Roth, The Handbook of Experimental Economics 1995 Princeton University Press Princeton, NJ 349 443
17. J. Hong, and C. Plott Rate filing policies for inland water transportation: an experimental approach Bell Journal of Economics 13 1982 1 19
18. B. Julien, J. Kennes, and I. King Matching Foundations University of Auckland Working Paper 2000
19. J. Ketcham, V. Smith, and A. Williams A comparison of posted-offer and double-auction pricing institutions Review of Economic Studies 51 1984 595 614
20. G. Kirchsteiger, M. Niederle, and J. Potters Markets With Endogenous Matching Structures University of Vienna Working Paper 2001
21. P. Klemperer Markets with consumer switching costs Quarterly Journal of Economics 102 1987 375 394
22. R. McKelvey, and T. Page An Experimental Study of Private Information in the Coase Theorem Caltech Working Paper 1018 1997
23. R. McKelvey, and T. Page Status Quo Bias in Bargaining: An Extension of the Myerson Satterthwaite Theorem With an Application To the Coase Theorem Caltech Working Paper 1035 (Revised) 2000
24. P. Milgrom, and J. Roberts Economics, Organizations, And Management 1992 Prentice-Hall Englewood Cliffs, NJ
25. R.B. Myerson, and M. Satterthwaite Efficient mechanisms for bilateral trading Journal of Economic Theory 29 1983 265 281
26. D. North Institutions Journal of Economic Perspectives 5 1991 97 112
27. A. Okun Prices and Quantities: A Macroeconomic Analysis 1981 The Brookings Institution Washington, DC
28. C. Plott, and V. Smith An experimental examination of two exchange institutions Review of Economic Studies 45 1978 133 153
29. A. Roth Bargaining experiments J. Kagel, A. Roth, The Handbook of Experimental Economics 1995 Princeton University Press Princeton, NJ 253 348
30. A. Roth, and K. Murnighan The role of information in bargaining: an experimental study Econometrica 50 1982 1123 1142
31. A. Roth, K. Murnighan, and F. Schoumaker The deadline effect in bargaining: some experimental evidence American Economic Review 78 1988 806 823
32. T. Scitovsky Welfare and Competition: The Economics of A Fully Employed Economy 1952 Unwin University Books London
33. C. Taylor Supplier Surfing: Competition and Consumer Behavior in Subscription Markets Duke University Working Paper 1999