Douglas D. Davis, Robert J. Reilly, Bart J. Wilson
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...
WILL RETARDING THE IN FORMATION FLOW ON AUTOMOBILE RECALLS AFFECT CONSUMER DEMAND? (1983)
REILLY, ROBERT J., HOFFER, GEORGE E.
Recently the National Highway Traffic Administration changed its policy concerning the public announcement of safety-related automotive recalls. This paper examines whether consumers continue to use...
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...
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...
Contestability in Real-Time Experimental Flow Markets
Edward L. Millner, Michael D. Pratt, Robert J. Reilly
This article reports the results from laboratory markets using a new trading institution in which sellers post offers to sell flows of output in real time. We use the new institution to examine the...