Website
http://dataportal.arc.gov.au/NCGP/API/grants/DP210103919
Funding Status
Active
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Funded Activity Summary
Price-Setting Rules and Allocative Efficiency in Oligopolies. This project aims to investigate under which circumstances restrictions on how often firms can change prices increase competition in an oligopoly and bring down prices. For this, we propose the use of laboratory experiments with a novel design followed by field experiments and a real price-data analysis for external validation. This study will result in both the advancement of theory describing how firms compete in dynamic oligopolies and practical policy advice on how price setting rules can be used to improve consumer welfare. This project has the potential to generate sizable benefits to Australian consumers, as the resulting policy advice would be applicable to large markets such as those for petrol, groceries and online retail.Funded Activity Details
Start Date: 2021
End Date: 12-2023
Funding Scheme: Discovery Projects
Funding Amount: $146,641.00
Funder: Australian Research Council
Research Topics
ANZSRC Field of Research (FoR)
Applied Economics not elsewhere classified | Experimental Economics | Industry Economics and Industrial Organisation | Applied Economics |
ANZSRC Socio-Economic Objective (SEO)
Industrial Organisations | Preference, Behaviour and Welfare
