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Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
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http://hdl.handle.net/10419/22891
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| Title: | | Cournot Competition between Teams : An Experimental Study  |
| Authors: | | Schipper, Burkhard C. Raab, Philippe |
| Issue Date: | | 2004 |
| Series/Report no.: | | Bonn econ discussion papers 2004,13 |
| 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 teamorganization 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. |
| Subjects: | | unitary player assumption experiments group behavior theory of the firm |
| JEL: | | D21 C92 D43 D23 M52 C91 C72 L22 L13 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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