Home bias in multimarket Cournot games

Détails

ID Serval
serval:BIB_BD42E00C8D0E
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Home bias in multimarket Cournot games
Périodique
European Economic Review
Auteur⸱e⸱s
Roux C., Santos-Pinto L., Thöni C.
ISSN
0014-2921
1873-572X (online)
Statut éditorial
Publié
Date de publication
2016
Peer-reviewed
Oui
Volume
89
Pages
361-371
Langue
anglais
Résumé
We explore the role of trade costs for the home bias in trade. In a series of Cournot duopoly experiments with a home and an export market, we compare output choices when firms face different levels of trade costs. We find that there is two-way trade in identical products and that firms hold the majority market share in their home market. The resulting home bias turns out to be, however, stronger than that predicted by theory, and it even occurs without trade costs. Tacit collusion contributes to the home bias observed in our experiment but does not offer a full explanation for the phenomenon. (C) 2016 Elsevier B.V. All rights reserved.
Mots-clé
Intra-industry trade, Spatial oligopoly, Home bias, Collusion, Experiment
Web of science
Création de la notice
14/09/2016 10:24
Dernière modification de la notice
20/08/2019 15:31
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