We present a general overview of papers that employ laboratory experiments to study
oligopoly markets. We focus on papers that have been published since 2000. We categorize …

The quantal response equilibrium (QRE) notion of Richard D. McKelvey and Thomas R.
Palfrey (1995) has recently attracted considerable attention, due in part to its widely …

Leniency clauses, offering cartelists legal immunity if they blow the whistle on each other, is
a recent anti-trust innovation. The authorities wish to thwart cartels and promote competition …

We argue that contracts establish the norms of a relationship and that individuals incur
disutility when deviating from these norms. In a laboratory experiment, we allow agents to …

Using coordination games, we elicit social norms directly for two different games where
either an agreement to take the first best action has been reached or where no such …

We experimentally examine the effects of price competition in markets for experience goods
where sellers can build up reputations for quality. We compare price competition to …

The hypothesis that vertically integrated firms have an incentive to foreclose the input market
because foreclosure raises its downstream rivals' costs is the subject of much controversy in …

This paper presents an experimental study of dynamic indefinite horizon R&D races with
uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small …

Explaining framing effects is one of the main challenges faced by decision theories. This
research experimentally examines how different contextual frames influence competitive …

We conduct experiments testing the relationship between excess capacity and pricing in
repeated Bertrand–Edgeworth duopolies and triopolies. We systematically vary the …