BILATERAL OLIGOPOLY IN POLLUTION PERMIT MARKETS: EXPERIMENTAL EVIDENCE.

We experimentally investigate behavior in a bilateral oligopoly using a supply function equilibria model discussed by Klemperer and Meyer (1989), Hendricks and McAfee (2010), and Malueg and Yates (2009). We focus on the role that market size and the degree of firm heterogeneity have on the market eq...

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Bibliographic Details

Published in:	Economic Inquiry Vol. 52; no. 3; pp. 1060 - 1080
Main Authors:	SCHNIER, KURT, DOYLE, MARTIN, RIGBY, JAMES R., YATES, ANDREW J.
Format:	Article
Published:	Wiley-Blackwell Jul2014
Subjects:	Oligopolies Heterogeneity Economics Supply functions (Economic theory) Emissions trading General equilibrium theory (Economics) Market equilibrium Efficient market theory Mathematical models
Online Access:	View this record in EBSCOhost