Does the Fundamental Transformation Deter Trade? An Experiment
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- Christoph Engel & Eric Helland, 2023. "Does the Fundamental Transformation Deter Trade? An Experiment," American Law and Economics Review, American Law and Economics Association, vol. 25(1), pages 338-380.
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More about this item
Keywords
fundamental transformation; bilateral monopoly; sunk cost; Oliver Williamson; windfall profit; exploitation; let down aversion;All these keywords.
JEL classification:
- B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
- L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-COM-2020-11-23 (Industrial Competition)
- NEP-EXP-2020-11-23 (Experimental Economics)
- NEP-LAW-2020-11-23 (Law and Economics)
- NEP-ORE-2020-11-23 (Operations Research)
- NEP-UPT-2020-11-23 (Utility Models and Prospect Theory)
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