 Cournot Competition between Teams: An Experimental StudyBurkhard Schipper and Philippe Raab No 13/2004, Bonn Econ Discussion Papers from University of Bonn, Bonn Graduate School of Economics (BGSE) Abstract: 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. Keywords: unitary player assumption; experiments; group behavior; theory of the firm (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:zbw:bonedp:132004 Access Statistics for this paper More papers in Bonn Econ Discussion Papers from University of Bonn, Bonn Graduate School of Economics (BGSE) Contact information at EDIRC. |
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