English, Article, Journal or magazine article edition: Cournot Competition between Teams: An Experimental Study Philippe Raab; Burkhard C. Schipper

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Bookmark: http://trove.nla.gov.au/version/52824
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Cournot Competition between Teams: An Experimental Study
Author
  • Philippe Raab
  • Burkhard C. Schipper
Physical Description
  • preprint
Notes
  • In the economic literature on market competition, firms are often modeled as single decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior of teams is equivalent to the behavior of individuals in Cournot competition. Nevertheless, there are models of team-organization such that teams and individuals are behaviorally equivalent providing a theoretical foundation for the unitary player assumption in Cournot competition. We show that this assumption is robust in experiments in contrast to analog experimental results on price-competition in the literature.
  • unitary player assumption, experiments, group behavior, theory of the firm
  • RePEc:bon:bonedp:bgse13_2004
Language
  • English
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