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Chapter 22 Predatory Pricing: Rare Like a Unicorn?
edited_book
Author(s):
Rosario Gomez
,
Jacob K. Goeree
,
Charles A. Holt
Publication date
(Print):
2008
Publisher:
Elsevier
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Author and book information
Book Chapter
Publication date (Print):
2008
Pages
: 178-184
DOI:
10.1016/S1574-0722(07)00022-4
SO-VID:
bfb2ac66-a8c7-4c0a-9d64-91fc7331fac2
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Book chapters
pp. I1
Author Index of Volume 1
pp. I19
Subject Index of Volume 1
pp. ii
Series Editors
pp. iii
Volume Editors
pp. iv
Copyright page
pp. ix
Preface
pp. vii
Introduction to the Series
pp. xiii
Contents of Volume 1
pp. 3
1. Markets
pp. 16
Chapter 1 Properties of Disequilibrium Adjustment in Double Auction Markets
pp. 22
Chapter 2 From Market Jaws to the Newton Method: The Geometry of How a Market Can Solve Systems of Equations
pp. 25
Chapter 3 Exogenous Uncertainty Increases the Bid–Ask Spread in the Continuous Double Auction
pp. 31
Chapter 4 Zero-Intelligence Robots and the Double Auction Market: A Graphical Tour
pp. 46
Chapter 5 Effect of Non-binding Price Controls in Double Auction Trading
pp. 55
Chapter 6 Fairness and Short Run Price Adjustment in Posted Offer Markets
pp. 62
Chapter 7 Mixed Strategy Nash Equilibrium Predictions as a Means of Organizing Behavior in Posted-Offer Market Experiments
pp. 71
Chapter 8 Simulated and Real Buyers in Posted Offer Markets
pp. 77
Chapter 9 The Performance of Double-Auction and Posted-Offer Markets with Advance Production
pp. 84
Chapter 10 Strategy-Proof Equilibrium Behavior in Two-Sided Auctions
pp. 92
Chapter 11 First Price Independent Private Values Auctions
pp. 100
Chapter 12 The Walrasian Auction
pp. 109
Chapter 13 The Matching Market Institution
pp. 115
Chapter 14 Tatonnement
pp. 120
Chapter 15 Wage Differentials in Experimental Efficiency Wage Markets
pp. 127
Chapter 16 The Paradox of Power
pp. 138
Chapter 17 The Exercise of Market Power in Laboratory Experiments
pp. 146
Chapter 18 The Classical Experiments on Cournot Oligopoly
pp. 153
Chapter 19 Experiments in Decentralized Monopoly Restraint
pp. 164
Chapter 20 Price Signaling and “Cheap Talk” in Laboratory Posted Offer Markets
pp. 170
Chapter 21 The Effects of Collusion in Laboratory Experiments
pp. 178
Chapter 22 Predatory Pricing: Rare Like a Unicorn?
pp. 185
Chapter 23 Some Results on Anti-Competitive Behavior in Multi-Unit Ascending Price Auctions
pp. 200
Chapter 24 Non-Convexities, Economies of Scale, Natural Monopoly and Monopolistic Competition
pp. 206
Chapter 25 Avoidable Cost Structures and Competitive Market Institutions
pp. 214
Chapter 26 Principles of Market Adjustment and Stability
pp. 228
Chapter 27 Off-floor Trading, Market Disintegration and Price Volatility in Bid/Ask Markets
pp. 234
Chapter 28 Quantitative Restrictions in Experimental Posted-offer Markets
pp. 242
Chapter 29 Price Bubbles in Large Financial Asset Markets
pp. 247
Chapter 30 Price Bubbles
pp. 256
Chapter 31 Experiments with Arbitrage Across Assets
pp. 260
Chapter 32 Bubbles and Crashes in Experimental Asset Markets: Common Knowledge Failure?
pp. 264
Chapter 33 A Comparison of Market Institutions
pp. 273
Chapter 34 Coordination Success in Non-cooperative Large Group Market Entry Games
pp. 299
2. Market Economics of Uncertainty and Information
pp. 303
Chapter 35 Learning to Forecast Rationally
pp. 311
Chapter 36 Laboratory Tests of Job Search Models
pp. 319
Chapter 37 Reciprocity and Contract Enforcement
pp. 325
Chapter 38 Reciprocity in Experimental Markets
pp. 335
Chapter 39 Information Cascade Experiments
pp. 344
Chapter 40 Markets and Information Aggregation Mechanisms
pp. 355
3. General Equilibrium and Multiple Market Systems
pp. 358
Chapter 41 Comparative Advantage and International Trade
pp. 364
Chapter 42 Asset Pricing
pp. 370
Chapter 43 Price Discovery and Allocation in Chains and Networks of Markets
pp. 376
Chapter 44 Multiple Market Systems and the Classical Principles of Price Dynamics in General Equilibrium
pp. 387
4. Games
pp. 391
Chapter 45 Experimental Beauty Contest Games: Levels of Reasoning and Convergence to Equilibrium
pp. 411
Chapter 46 Reciprocity in Ultimatum and Dictator Games: An Introduction
pp. 417
Chapter 47 Preferences and Property Rights in Ultimatum and Dictator Games
pp. 423
Chapter 48 Prompting Strategic Reasoning Increases Other-regarding Behavior
pp. 429
Chapter 49 Social Distance and Reciprocity in Dictator Games
pp. 436
Chapter 50 Fairness in Ultimatum Bargaining
pp. 454
Chapter 51 Coordination Failure in Market Statistic Games
pp. 463
Chapter 52 The Problem of Common Choice in Symmetric N-person Coordination Games
pp. 472
Chapter 53 Equilibrium Convergence in Normal Form Games
pp. 481
Chapter 54 Analyzing Choice with Revealed Preference: Is Altruism Rational?
pp. 488
Chapter 55 Testing Theories of Other-regarding Behavior: A Sequence of Four Laboratory Studies
pp. 500
Chapter 56 Focal Points and Bargaining
pp. 509
Chapter 57 Differences in the Economic Decisions of Men and Women: Experimental Evidence
pp. 520
Chapter 58 Emergent Conventions in Evolutionary Games
pp. 531
Chapter 59 Self-centered Fairness in Games with More Than Two Players
pp. 541
Chapter 60 Quantal Response Equilibria: A Brief Synopsis
pp. 549
Chapter 61 Logit Equilibrium Models of Anomalous Behavior: What to do when the Nash Equilibrium Says One Thing and the Data Say Something Else
pp. 560
Chapter 62 Asymmetric Two-person Bargaining Under Incomplete Information: Strategic Play and Adaptive Learning
pp. 572
Chapter 63 The Effect of Message Space Size on Learning and Outcomes in Sender–Receiver Games
pp. 585
Chapter 64 Learning in Entry Limit Pricing Games
pp. 598
Chapter 65 Payoff Uncertainty and Cooperation in Finitely-repeated Prisoner's Dilemma Games
pp. 607
Chapter 66 Learning and Equilibrium in Games
pp. 619
5. Mechanism Design and Policy Applications
pp. 625
Chapter 67 Incentive-compatible Mechanisms for Pure Public Goods: A Survey of Experimental Research
pp. 644
Chapter 68 The Combinatorial Auction
pp. 655
Chapter 69 Share Trading and Coupon Banking Interact to Improve Performance in Emission Trading Markets
pp. 661
Chapter 70 Trading Institutions and Emission Allowances
pp. 669
Chapter 71 Procurement Contracting
pp. 676
Chapter 72 Electric Power Market Design Issues and Laboratory Experiments
pp. 681
Chapter 73 Energy, Reserve and Adjustment Market Behavior With Industry Network, Demand and Generator Parameters
pp. 700
Chapter 74 Transmission Constraints, Incentive Auction Rules and Trader Experience in an Electric Power Market
pp. 710
Chapter 75 A Smart Market for the Spot Pricing and Pricing of Transmission Through a Power Grid
pp. 720
Chapter 76 Asset Market Manipulation: A Field Experiment with Racetrack Betting
pp. 725
Chapter 77 Pre-testing International Climate Change Policies: Methods and Results
pp. 733
Chapter 78 Quasi-experimental Evaluation of Regional Employment Subsidies
pp. 736
Chapter 79 Field-test Elicitations of Demand for Public Goods
pp. 742
Chapter 80 Results from a Dozen Years of Election Futures Markets Research
pp. 752
Chapter 81 Experimental Evidence on the Existence of Hypothetical Bias in Value Elicitation Methods
pp. 771
6. Non-market and Organizational Research
pp. 776
Chapter 82 Partners versus Strangers: Random Rematching in Public Goods Experiments
pp. 784
Chapter 83 Differentiating Altruism and Reciprocity
pp. 792
Chapter 84 Voluntary Provision of Public Goods: Experimental Results with Interior Nash Equilibria
pp. 802
Chapter 85 Spiteful Behavior in Voluntary Contribution Mechanism Experiments
pp. 817
Chapter 86 Explaining the Comparative Statics in Step-Level Public Good Games
pp. 825
Chapter 87 Cooperation in VCM Experiments: Results Using the Contribution Function Approach
pp. 831
Chapter 88 Voluntary Provision of Public Goods
pp. 836
Chapter 89 Intrinsic Motivation in a Public Good Environment
pp. 846
Chapter 90 Theoretical Explanations of Treatment Effects in Voluntary Contributions Experiments
pp. 857
Chapter 91 Institutional Modifications of Majority Rule
pp. 872
Chapter 92 Endogenous Properties of Equilibrium and Disequilibrium in Spatial Committee Games
pp. 880
Chapter 93 Structure Induced Equilibrium in Spatial Committee Games
pp. 889
Chapter 94 Three-way Experimental Election Results: Strategic Voting, Coordinated Outcomes and Duverger's Law
pp. 898
Chapter 95 Participation Game Experiments: Explaining Voter Turnout
pp. 903
Chapter 96 Growing Organizational Culture in the Laboratory
pp. 911
7. Individual Choice, Beliefs and Behavior
pp. 914
Chapter 97 Motivation Theory and Experimental Behavior under the Decision Cost Hypothesis
pp. 923
Chapter 98 Intertemporal Choice under Habit Formation
pp. 929
Chapter 99 Preference Reversal: Now You See it, Now You Do Not!
pp. 939
Chapter 100 The Endowment Effect: Evidence of Losses Valued More than Gains
pp. 949
Chapter 101 The Endowment Effect
pp. 956
Chapter 102 The Becker–DeGroot–Marschak Mechanism is not Generally Incentive-Compatible in Practice
pp. 958
Chapter 103 Utility Maximization
pp. 967
Chapter 104 Preference Reversals
pp. 976
Chapter 105 Rationality the Fast and Frugal Way: Introduction
pp. 987
Chapter 106 The Recognition Heuristic and the Less-Is-More Effect
pp. 993
Chapter 107 The Recognition Heuristic: A Fast and Frugal Way to Investment Choice?
pp. 1004
Chapter 108 One-Reason Decision Making
pp. 1018
Chapter 109 Cognitive Illusions Reconsidered
pp. 1035
Chapter 110 Social Heuristics
pp. 1047
Chapter 111 Payoff Scale Effects and Risk Preference Under Real and Hypothetical Conditions
pp. 1054
Chapter 112 Rewards and Behavior in First Price Auctions
pp. 1061
Chapter 113 Men, Women and Risk Aversion: Experimental Evidence
pp. 1077
8. Methods
pp. 1078
Chapter 114 Experimetrics: The Use of Market Experiments to Evaluate the Performance of Econometric Estimators
pp. 1087
Chapter 115 On the Performance of the Lottery Procedure for Controlling Risk Preferences
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