Strategy revision opportunities and collusion
Friederike Mengel and
Ronald Peeters ()
Experimental Economics, 2019, vol. 22, issue 4, No 4, 834-856
Abstract This paper studies whether and how strategy revision opportunities affect levels of collusion in indefinitely repeated two-player games. Consistent with standard theory, we find that such opportunities do not affect strategy choices, or collusion levels, if the game is of strategic substitutes. In games of strategic complements, by contrast, revision opportunities lead to more collusion. We discuss alternative explanations for this result.
Keywords: Strategy revision opportunities; Cooperation; Repeated games; Complements versus substitutes (search for similar items in EconPapers)
JEL-codes: C73 C92 D43 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10683-018-9580-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Working Paper: Strategy Revision Opportunities and Collusion (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:expeco:v:22:y:2019:i:4:d:10.1007_s10683-018-9580-5
Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/10683/PS2
Access Statistics for this article
Experimental Economics is currently edited by David J. Cooper, Lata Gangadharan and Charles N. Noussair
More articles in Experimental Economics from Springer, Economic Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().