The Exercise of Market Power in Laboratory Experiments

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Previous articleNext article No AccessThe Exercise of Market Power in Laboratory ExperimentsCharles A. HoltCharles A. Holt Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by The Journal of Law and Economics Volume 32, Number 2, Part 2Oct., 1989Empirical Approaches to Market Power Sponsored by The University of Chicago Booth School of Business and The University of Chicago Law School Article DOIhttps://doi.org/10.1086/467190 Views: 5Total views on this site Citations: 34Citations are reported from Crossref Copyright 1989 The University of ChicagoPDF download Crossref reports the following articles citing this article:Despina Yiakoumi, Agathe Rouaix, Euan Phimister Evaluating capacity auction design for electricity: An experimental analysis, Energy Economics 43 (Oct 2022): 106370.https://doi.org/10.1016/j.eneco.2022.106370Isaac Otchere, Kobana Abukari Are super stock exchange mergers motivated by efficiency or market power gains?, Journal of International Financial Markets, Institutions and Money 64 (Jan 2020): 101164.https://doi.org/10.1016/j.intfin.2019.101164Andreas M. Hefti, Peiyao Shen, Regina Betz Market Power and Information Effects in a Multi-Unit Auction, SSRN Electronic Journal (Jan 2019).https://doi.org/10.2139/ssrn.3360508Erik O. Kimbrough, Andrew Smyth Testing the boundaries of the double auction: The effects of complete information and market power, Journal of Economic Behavior & Organization 150 (Jun 2018): 372–396.https://doi.org/10.1016/j.jebo.2018.01.017Vernon L. Smith Experimental Economics, (Feb 2018): 4215–4233.https://doi.org/10.1057/978-1-349-95189-5_2122Erik O. Kimbrough Testing the Boundaries of the Double Auction, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.2924747Noah Dormady Carbon Auctions, Energy Markets and Market Power: An Experimental Analysis, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.2937387Abel M. Winn, Michael L. Parente, David Porter Seller Beware: Supply and Demand Reduction and Price Manipulation in Multiple-Unit Uniform Price Auctions, Southern Economic Journal 82, no.33 (Dec 2015): 760–780.https://doi.org/10.1002/soej.12086Abel Winn, Michael Parente, David Porter Seller Beware: Supply and Demand Reduction and Price Manipulation in Multiple-Unit Uniform Price Auctions, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2560064Raluca Parvulescu, Nicolas Vaneecloo Concurrence et expérimentations de marché, un débat clos ? Un état des lieux pour un nouveau programme de recherche, Revue d'économie politique Vol. 124, no.33 (Jul 2014): 317–360.https://doi.org/10.3917/redp.243.0317Noah C. Dormady Carbon auctions, energy markets & market power: An experimental analysis, Energy Economics 44 (Jul 2014): 468–482.https://doi.org/10.1016/j.eneco.2014.03.013Noah C. Dormady Market power in cap-and-trade auctions: A Monte Carlo approach, Energy Policy 62 (Nov 2013): 788–797.https://doi.org/10.1016/j.enpol.2013.06.022John Duffy, Alexander Matros, Ted Temzelides Competitive behavior in market games: Evidence and theory, Journal of Economic Theory 146, no.44 (Jul 2011): 1437–1463.https://doi.org/10.1016/j.jet.2011.05.013Vernon L. Smith experimental economics, (Jan 2010): 75–98.https://doi.org/10.1057/9780230280786_12Daniela Puzzello Tie-breaking rules and divisibility in experimental duopoly markets, Journal of Economic Behavior & Organization 67, no.11 (Jul 2008): 164–179.https://doi.org/10.1016/j.jebo.2006.09.002Douglas D. Davis, Bart J. Wilson Strategic buyers, horizontal mergers and synergies: An experimental investigation, International Journal of Industrial Organization 26, no.33 (May 2008): 643–661.https://doi.org/10.1016/j.ijindorg.2006.12.004Douglas D. Davis, Bart J. Wilson Chapter 7 Mixed Strategy Nash Equilibrium Predictions as a Means of Organizing Behavior in Posted-Offer Market Experiments, (Jan 2008): 62–70.https://doi.org/10.1016/S1574-0722(07)00007-8Douglas D. Davis, Charles A. Holt Chapter 17 The Exercise of Market Power in Laboratory Experiments, (Jan 2008): 138–145.https://doi.org/10.1016/S1574-0722(07)00017-0Vernon L. Smith Experimental Economics, (Dec 2016): 1–19.https://doi.org/10.1057/978-1-349-95121-5_2122-1Lynne Kiesling, Bart J. Wilson An experimental analysis of the effects of automated mitigation procedures on investment and prices in wholesale electricity markets, Journal of Regulatory Economics 31, no.33 (Feb 2007): 313–334.https://doi.org/10.1007/s11149-006-9018-4L. Lynne Kiesling, Bart J. Wilson An Experimental Analysis of the Effects of Automated Mitigation Procedures on Investment and Prices in Wholesale Electricity Markets, SSRN Electronic Journal (Jan 2005).https://doi.org/10.2139/ssrn.733404STEVE BUCHHEIT Fixed Cost Magnitude, Fixed Cost Reporting Format, and Competitive Pricing Decisions: Some Experimental Evidence*, Contemporary Accounting Research 21, no.11 (Jan 2010): 1–24.https://doi.org/10.1506/NBX3-EF5Q-4JMU-84DEStephen J. Rassenti, Vernon L. Smith, Bart J. Wilson Controlling market power and price spikes in electricity networks: Demand-side bidding, Proceedings of the National Academy of Sciences 100, no.55 (Feb 2003): 2998–3003.https://doi.org/10.1073/pnas.0437942100Steve Buchheit Fixed Cost Magnitude, Fixed Cost Reporting Format, and Competitive Pricing Decisions: Some Experimental Evidence, SSRN Electronic Journal (Jan 2003).https://doi.org/10.2139/ssrn.464920Jim Engle-Warnick, Bradley J. Ruffle Buyer Countervailing Power versus Monopoly Power: Evidence from Experimental Posted-Offer Markets, SSRN Electronic Journal (Jan 2002).https://doi.org/10.2139/ssrn.310339Ulf G. Marks, Sönke Albers Experiments in Competitive Product Positioning: Actual Behavior Compared to Nash Solutions, Schmalenbach Business Review 53, no.33 (Nov 2017): 150–174.https://doi.org/10.1007/BF03396633Douglas D. Davis, Bart J. Wilson Firm-specific cost savings and market power, (Jan 2001): 49–69.https://doi.org/10.1007/978-3-642-56448-2_4Vernon L. Smith Rationality in Economics, 86 (May 2010).https://doi.org/10.1017/CBO9780511754364Bart J. Wilson What collusion? Unilateral market power as a catalyst for countercyclical markups, Experimental Economics 1, no.22 (Sep 1998): 133–145.https://doi.org/10.1007/BF01669299Douglas D. Davis, K. Ramagopal Demand shocks, advance production and market power: some lessons about markets from the laboratory, Managerial and Decision Economics 19, no.4-54-5 (Dec 1998): 205–223.https://doi.org/10.1002/(SICI)1099-1468(199806/08)19:4/5<205::AID-MDE887>3.0.CO;2-#Bart J. Wilson , Experimental Economics 1, no.22 (Jan 1998): 133–145.https://doi.org/10.1023/A:1009972125288Douglas D. Davis, Charles A. Holt List prices and discounts: The interrelationship between consumer shopping patterns and profitable marketing strategies, Psychology and Marketing 13, no.44 (Jul 1996): 341–363.https://doi.org/10.1002/(SICI)1520-6793(199607)13:4<341::AID-MAR2>3.0.CO;2-ADavid A. Butz Most-Favored Treatment Provisions as Nondiscrimination Guarantees, International Journal of the Economics of Business 2, no.11 (May 2011): 65–86.https://doi.org/10.1080/758521097S.J. Rassenti, V.L. Smith, B.J. Wilson Structural features that contribute to market power in electric power networks: some preliminary results, (): 6.https://doi.org/10.1109/HICSS.2000.926761