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Author: | Mason, C. Phillips, O. |
Title: | Information and cost asymmetry in experimental duopoly markets |
Journal: | Review of Economics and Statistics
1997 : MAY, VOL. 79:2, p. 290-299 |
Index terms: | STATISTICS INFORMATION DUOPOLY |
Language: | eng |
Abstract: | The authors analyze data from experimental duopoly markets to assess the role information plays in facilitating collusion. In these markets , profitability can be common knowledge or private information. Market outputs are estimated in structures with symmetric and asymmetric costs under the two information conditions. Symmetric markets are more cooperative when profitability is common knowledge; asymmetric market outputs are unaffected by information differences. |
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