Detail Durable-Goods Monopoly : Laboratory Market and Bargaining Experiments   Oleh:  Reynolds, Stanley S. Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 31 no. 2 (2000), page 375-394. Topik: LABORATORY; durable - goods monopoly; laboratory market; bargaining experiments Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Results from single - period monopoly experiments (nondurable environment) are compared with results from multiperiod experiments that have features of a durable - goods environment. Average prices were below the static monopoly benchmark price in all settings. Observed initial prices were higher in multiperiod experiments than in single - period experiments, in contrast to equilibrium predictions. Prices in multiperiod experiments tended to fall over time ; there was less price cutting in market experiments than in bargaining experiments. There was substantial demand withholding by buyers in multiperiod experiments. A version of bounded rationality is a promising candidate for explaining deviations from equilibrium predictions. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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