74 citations · 74 across the 5 of their papers we have counts for
3 papers · 1 filter
Deceptively Framed Lotteries in Consumer Markets
Markus Dertwinkel-Kalt, Hans-Theo Normann, Jan-Niklas Tiede +1
Consumers often face products sold as lotteries rather than fixed outcomes. A prominent case is the loot box in video games, where players pay for randomized rewards. We investigat…
Delegate Pricing Decisions to an Algorithm? Experimental Evidence
Hans-Theo Normann, Nina Rulié, Olaf Stypa +1
We analyze the delegation of pricing by participants, representing firms, to a collusive, self-learning algorithm in a repeated Bertrand experiment. In the baseline treatment, part…
The Spoils of Algorithmic Collusion: Profit Allocation Among Asymmetric Firms
Simon Martin, Hans-Theo Normann, Paul Püplichhuisen +1
We study the propensity of independent algorithms to collude in repeated Cournot duopoly games. Specifically, we investigate the predictive power of different oligopoly and bargain…