Douglas D. Davis

Consumer Search Costs and Market Performance (2007)

Although economics is not commonly thought to be an experimental science, laboratory methods are being increasingly used as economic theories become more sophisticated. It is often possible to...

Equilibrium Cooperation in Three-Person, (2007)

(revised subsequently for the Economic Journal) Laboratory markets are conducted to evaluate the effects of consumer search costs on market performance. The primary research goal is to assess the...

Markets with Posted Prices: Recent Results from the Laboratory (2007)

The experiment involves three-person games in which one player can choose which of two others to "do business with. " The ability of the chooser to switch away from a defecting...

Market Power and Mergers in Laboratory Markets with Posted Prices (2007)

The general perception that laboratory markets yield efficient competitive outcomes seems to contradict the emphasis on market imperfections that pervades much of the theoretical work in industrial...

List Prices and Discounts: (2007)

This paper uses laboratory methods to evaluate determinants of supra-competitive pricing. The experiment involves three treatments, each with the same market supply, demand, and competitive price. In...

The Interrelationship Between, Douglas D. Davis, Charles A. Holt

This paper illustrates the importance of shopping and marketing strategies when the Bertrand price-setting institution often used to model retail exchange is modified to allow sellers to offer...

Rebate subsidies, matching subsidies and isolation effects (2006)

Douglas D. Davis, Robert J. Reilly, Bart J. Wilson

In a series of recent experiments (Davis, Millner and Reilly, 2005, Eckel and Grossman, 2003, 2005a-c, 2006), matching subsidies generate significantly higher charity receipts than do theoretically...

and (2002)

This paper reports an experiment designed to assess the effects of a rotation in the marginal cost curve on convergence in a repeated Cournot triopoly. Increasing the cost curve’s slope both...

The Exercise of Market Power in Laboratory Experiments (1998)

Introduction The Effects of Collusion in Laboratory Experiments (1998)

Many aspects of antitrust policy are influenced by the possibility that sellers in concentrated markets may have the power to raise prices above competitive levels. Of course, anyone can raise

Markets with posted prices: recent results from the laboratory (1996)

Markets with posted prices: recent results from the laboratory (1996)

The effects of discounting opportunities in laboratory postedoffer markets (1994)

Conspiracies and Secret Discounts in Laboratory Markets (1994)

This experiment isolates the effects of allowing sellers to offer private discounts from posted prices. Although discounting was pervasive when permitted, it did not always improve performance. High...

Price Rigidities And Institutional Variations In (1993)

This paper uses laboratory methods to evaluate whether price-fixing conspiracies break down in the presence of opportunities to offer secret discounts. The primary treatment difference is whether or...

Markets With Posted, Douglas D. Davis, Charles A. Holt

Standard laboratory posted-offer markets respond slowly and incompletely to demand shocks. In these one-sided markets, where sellers control the setting of prices, very little information is...

THE HAYEK HYPOTHESIS IN EXPERIMENTAL AUCTIONS: INSTITUTIONAL EFFECTS AND MARKET POWER (1991)

DAVIS, DOUGLAS D., WILLIAMS, ARLINGTON W.

We report twelve market experiments utilizing a “seller market power” supply and demand structure where two of five sellers can unilaterally increase their profit by withholding supply. The data...

Equilibrium Cooperation in Two-Stage Games: Experimental Evidence,” working paper (1989)

Report of the NASA Working Group on Tropospheric Program Planning (1981)

A revision was publised in the International Journal of Game Theory) This paper reports results of an experiment designed to investigate the nature of cooperation and punishment. Subjects are matched...

John H. Seinfeld, Frank Allario, William R. Bandeen, William L. Chameides, Douglas D. Davis, E. David Hinkley, ...

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The gamma radiolysis of carbon tetrachloride and ammonia solutions. (1966)

Strategic Buyers, Horizontal Mergers and Synergies: An Experimental Investigation*

Manuscript copy.

Douglas D. Davis, Bart J. Wilson

This paper reports an experiment designed to evaluate interrelationships between strategic buyers, market power and merger-induced synergies. The experiment consists of 40 posted-offer quadropolies....

Posted - Offer Markets In Near Continuous Time: an Experimental Investigation

Douglas D. Davis, Oleg Korenok

This paper reports an experiment conducted to evaluate a ‘near continuous’ variant of the posted-offer trading institution, where the number of periods in a market session is increased by...

Rebates, Matches, and Consumer Behavior

Douglas D. Davis, Edward L. Millner

An experiment conducted to examine the effects of different discount formats on consumer purchases is reported. Participants made a series of purchase decisions for chocolate bars given (a)...

Raising Revenues for Charity: Auctions versus Lotteries

Douglas D. Davis, Laura Razzolini, Robert Reilly, Bart J. Wilson

We report an experiment conducted to gain insight into factors that may affect revenues in English auctions and lotteries, two commonly used charity fund-raising formats. In particular, we examine...

Rebate Subsidies, Matching Subsidies and Isolation Effects

Pure Numbers Effects, Market Power, and Tacit Collusion in Posted Offer Markets

In a series of recent experiments (Davis, Millner and Reilly, 2005, Eckel and Grossman, 2003, 2005a-c, 2006), matching subsidies generate significantly higher charity receipts than do theoretically...

Maximal quality selection and discrimination in employment

This paper reports an experiment conducted to distinguish the effects of seller concentration, static market power and dynamic incentives to cooperate on posted-offer market performance. Results...

The effects of rent asymmetries in posted offer markets

Davis, Douglas D., Williams, Arlington W.

Re-matching, Information and Sequencing Effects in Posted Offer Markets

Douglas D. Davis, Korenok Oleg, Robert Reilly

This paper evaluates the effects of some standard procedural variations on outcomes in posted offer oligopoly experiments. Variations studied include the presence or absence of market information,...

Cooperation without Coordination: Signaling, Types and Tacit Collusion in Laboratory Oligopolies

Douglas D. Davis, Korenok Oleg, Robert Reilly

This paper studies the effects of price signaling and underlying propensities to cooperate on tacit collusion in laboratory posted offer markets. The experiment consists of two stages. The first...

Conspiracies and Secret Discounts in Laboratory Markets.

Davis, Douglas D, Holt, Charles A

This paper uses laboratory methods to evaluate whether price-fixing conspiracies break down in the presence of opportunities to offer secret discounts. The primary treatment difference is whether or...

Differentiated product competition and the Antitrust Logit Model: an experimental analysis

Davis, Douglas D., Wilson, Bart J.

Advance production and Cournot outcomes: an experimental investigation

The effects of nonstationarities on performance in call markets

Davis, Douglas D., Williams, Arlington W.

Convergence to nonstationary competitive equilibria : An experimental analysis

Davis, Douglas D., Harrison, Glenn W., Williams, Arlington W.

Rent-Seeking with Non-identical Sharing Rules: An Equilibrium Rescued.

Davis, Douglas D, Reilly, Robert J

Nitzan's (1991) analysis of differential sharing rules in a collective rent-seeking setting is reconsidered. Two groups, each with more than one member, are presumed to use different linear...

Markets with posted prices: recent results from the laboratory

Demand shocks, advance production and market power: some lessons about markets from the laboratory

Douglas D. Davis, K. Ramagopal

This paper summarizes some recent research pertaining to laboratory markets, and then discusses some of the implications of this research for applied economics and policy. Three results are...

Group vs. Individual Performance in a Price-Searching Experiment

Davis, Douglas D., Harless, David W.

Experimental economics: Methods, problems and promise

Strategic interactions, market information and predicting the effects of mergers in differentiated product markets

The purpose of this paper is to discuss the growing importance of experimentation in economic analysis. We present a variety of economic issues that have been explored with laboratory techniques. We...

The effects of discounting opportunities in laboratory posted-offer markets

Market power and the institutional asymmetry of the posted offer trading institution

Davis, Douglas D., Williams, Arlington W.

Do Too Many Cooks Always Spoil the Stew? An Experimental Analysis of Rent-Seeking and the Role of a Strategic Buyer.

Davis, Douglas D, Reilly, Robert J

Laboratory methods are used to evaluate the effects of institutional arrangements and rent-defending activity on rent-seeking auction outcomes. In part, Nash equilibrium predictions are a useful...

Market Power and Mergers in Laboratory Markets with Posted Prices

symposium articles : Firm-specific cost savings and market power

In this article, we use laboratory methods to evaluate determinants of supracompetitive pricing. The experiment involves three treatments, each with the same market supply, demand, and competitive...

Douglas D. Davis, Bart J. Wilson

We report a policy experiment that illustrates a potential problem of using historical pass-through rates as a means of predicting the competitive consequences of projected firm-specific cost savings...

Price rigidities and institutional variations in markets with posted prices (*)

Collusion in Procurement Auctions: an Experimental Examination

Standard laboratory posted-offer markets respond slowly and incompletely to demand shocks. In these one-sided markets, where sellers control the setting of prices, very little information is...

The Hayek Hypothesis in Experimental Auctions: Institutional Effects and Market Power.

Experimental methods are used to examine the existence and detectability of collusion in environments that exhibit critical parallels to procurement auctions. We find that given the opportunity...

Davis, Douglas D, Williams, Arlington W

The authors report twelve market experiments utilizing a "seller market power" supply and demand structure where two of five sellers can unilaterally increase their profit by withholding supply. The...

Rebates, Matches, and Consumer Behavior

Douglas D. Davis, Edward L. Millner

An experiment conducted to examine the effects of different discount formats on consumer purchases is reported. Participants made a series of purchase decisions for chocolate bars given (1)...

Rebate subsidies, matching subsidies and isolation effects

Strategic buyers, horizontal mergers and synergies: An experimental investigation

In a series of recent experiments (Davis, Millner and Reilly, 2005, Eckel and Grossman, 2003, 2005a-c, 2006), matching subsidies generate significantly higher charity receipts than do theoretically...

Davis, Douglas D., Wilson, Bart J.

This paper reports an experiment designed to evaluate interrelationships between strategic buyers, market power and merger-induced synergies. The experiment consists of 40 posted-offer quadropolies....

Equilibrium cooperation in two-stage games: Experimental evidence

Do Strategic Substitutes Make Better Markets? A Comparison of Bertrand and Cournot Markets

This paper reports results of an experiment design ed to investigate the nature of cooperation and punishment. Subjects are matched in a series of two-person, two-stage games with a sequential...