Coordination Games and Continuous Strategy Spaces
Other Coordination Games. • Suppose ... Strategies U and M are weakly dominated for Player Alpha by. t t D ... Suppose there are just three possible quantities.
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Tacit Collusion in Oligopoly - Bates White
Feb 12, 2013 ... environments with strategic buyers. As noted by ... 3. No. No. Tacit (implicit) collusion. Tacit coordination. Tacit ... In Section 3, we discuss the evolu& .... gas station example are not players in the game and so have no ability to.
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Tacit Collusion in Oligopoly - Duke University's Fuqua School of
Aug 20, 2013 ... Abstract. We examine the economics literature on tacit collusion in oligopoly ... achieved via tacit coordination in an environment where there is a unique ..... the other players, which means identifying the set of Nash equilibria means ... if firms were to coordinate on strategies that support that outcome in the.
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Collusion, Randomization, and Leadership in Groups$
Jan 25, 2015 ... between equilibria of the collusive group game and the leadership game. ... bidding, we work in a framework of implicit or explicit coordination among group ... their actions in the presence of imperfect information about the environment - see for example ... players 1 and 2 given the strategy α3 of player 3.
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Exploring the Boundaries of Unlawful Collusion: Price Coordination
Oct 22, 2012 ... for providing a most collegial and stimulating environment. ... strategies that sustain an outcome but rather the means by which a collusive arrangement .... cost, demand, and firm objectives - and in Section 3 - where the assumption ...... is, the minimum element of player i's period t action set is the action the ...
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Collusion under Yardstick Competition An Experimental Study
yardstick competition.3 Two different schemes are considered: a ... Collusion is a pertinent possibility in environments in which there is limited number of ... effectively help subjects to coordinate on an efficient, but risky equilibrium. .... perfect equilibrium with trigger strategies in which all players cooperate in all stages): C. D.
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Collusion and equilibrium selection in auctions - University of Hawaii
repeated settings bidders are often able to coordinate on payoff superior outcomes, ... The tradition in many theoretical models has been to assume that the players will co- ... the financially inconsequential portion of the bid (the last three digits) in order to .... collusive strategies vary markedly depending on the environment.
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Communication - Tippie College of Business
Apr 20, 2012 ... communication is efficiency-enhancing in coordination games. ... communication is so effective is that it apparently reduces strategic uncertainty about other ... In this experimental environment, two groups .... INTRA+INTER), there are =3 players in each group and all players within ...... How much Collusion?
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Collusion with (almost) no information - Tunes for Bears
Observe that for n ≧ 3, players share no public information at all.4 .... fluctuations in costs and systematic cheating, before regularly meeting and coordinating on future .... the collusive strategies must ensure that (iii) a firm who has detected ..... In the generalized environment above: ∀ϵ > 0, ∀ν > 0, ∃¯δ < 1 such that ∀δ > ...
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A Theory of Collusion with Partial Mutual Understanding∗
Jul 20, 2015 ... ∗I am very grateful to three anonymous referees whose comments substantively ... Collusion is when firms coordinate their behavior to suppress .... environment for which collusion is unlawful, firms will have an ... extremes in that it assumes some prior mutual information on the strategies of other players.
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Strategic games - CWI
ing competition, cooperation, collusion, strategic behaviour and bargaining. Since then it has also ... Here are three classic examples of strategic two-player games to which we shall return in a .... Games of this type are called coordination games. Obviously, all .... roads, fish in the ocean, or the environment. The overuse of ...
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From Coordination to Double-Crossing: Experiments on the - Gmu
to be due to some strategy profile being more attractive a priori. Players agree to play a .... face the problem of collusion among public officials and the public, and leg- ... We use three-player games because this is the minimum environment.
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Collusion - Repositório Aberto da Universidade do Porto
results than complete collusion, although new dynamic effects and strategies ..... creation of a cartel and to analyze several other key issues: How do firms coordinate ... And the continuous changes in the economic environment and regulation .... player 3 plus player 1) and the solution of the game correspond to the three ...
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Do People Who Care About Others Cooperate More? Experimental
However, selfish workers are nearly three times more likely ... Relative performance incentives are a common feature of the workplace environment. .... while strategic incentives are left intact, social preferences are “turned off”in this treatment. ..... collude (i.e., coordinate on minimal effort) than a group with a Selfish player:.
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Price Competition in an Inflationary Environment
Jul 29, 2013 ... direction of the shock and the strategic environment, a nominal shock can lead to a lengthy period of .... response to a given strategy of the other player. ... collusive strategy is not unique in period 3 of INF (period 18 of DEF). 9 ... by a pair of firms coordinating to play the collusive price of 23 for all 20 periods.
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Post-Cartel Tacit Collusion: Determinants, Consequences, and
Nov 2, 2015 ... subjects react to perceived motives of other players that are inferred from their ... that the other firm uses a collusive strategy in period t. ... success through increased probabilities of renewed tacit coordination, (3) tacit collusion should ... more PCTC in environments with a higher incidence of cartels in the ...
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On Communication and Collusion - Brown University
Aug 14, 2015 ... Keywords: Collusion, communication, repeated games, private monitoring ... We show that in the statistical environment outlined above, reports of ... show that for a fixed monitoring structure, as players become increasingly patient, ...... parties, presumably they can only coordinate on strategies that form an ...
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Collusion with intertemporal price dispersion - Department of
We develop a theory of optimal collusive intertemporal price dispersion. .... consumer price awareness, relaxing the cartel's incentive constraints. 3 ... ordinate on prices, we illustrate that coordination on obfuscation may be .... Consumers are not strategic players; they my- ... information and a standard search environment.
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Cruel to be Kind An Experimental Study of Communication
May 21, 2014 ... An Experimental Study of Communication, Collusion, and Threats to Punish .... coordination) in the two period game is not transparent, subjects may fail to see .... decision making environment, limited message spaces have an ... Specifically, we limit the players' available strategies to three versions of grim.
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The Role of Information and Monitoring on Collusion
periods of unusually large demand shocks.3 A usual interpretation of these theories is ... In this environment, firms' incentive to deviate from the collusive ... of occurrence - subjects' coordination on the collusive outcome is less likely if a game .... RS assume that players use a grim-trigger strategy and show that for a given.
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