序贯价格设定:实验室实验的理论与证据

IF 1.5 3区经济学 Q2 ECONOMICS

International Economic Review Pub Date : 2023-11-27 DOI:10.1111/iere.12680

Tom-Reiel Heggedal, Leif Helland, Espen R. Moen

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引用次数: 0

摘要

在Varian(1980)的价格竞争模型中，从同步定价到顺序定价的变化极大地改变了均衡策略，并且在唯一对称均衡价格中被推高到垄断价格。还存在平均价格较低的不对称均衡。我们的主要贡献是在实验室里测试这些预测。我们的数据有力地支持了定性模型的预测。然而，有一小部分玩家根据不对称均衡设定低价，这令人困惑。我们表明，这个难题在很大程度上可以通过在模型中引入竞争偏好来解决。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

SEQUENTIAL PRICE SETTING: THEORY AND EVIDENCE FROM A LAB EXPERIMENT

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SEQUENTIAL PRICE SETTING: THEORY AND EVIDENCE FROM A LAB EXPERIMENT

In the Varian (1980; American Economic Review 70(4) (1980), 651–59) model of price competition, a change from simultaneous to sequential price setting dramatically changes equilibrium strategies, and in the unique symmetric, equilibrium prices are pushed up to the monopoly price. There also exists an asymmetric equilibrium with lower average prices. Our main contribution is to test these predictions in the laboratory. Our data strongly support the qualitative model predictions. However, a fraction of players set low prices in accordance with the asymmetric equilibrium, which is puzzling. We show that the puzzle to a large extent can be resolved by introducing competitive preferences in the model.

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来源期刊

International Economic Review ECONOMICS-

CiteScore

2.60

自引率

0.00%

发文量

期刊介绍： The International Economic Review was established in 1960 to provide a forum for modern quantitative economics. From its inception, the journal has tried to stimulate economic research around the world by publishing cutting edge papers in many areas of economics, including econometrics, economic theory, macro, and applied economics.