Subject pool effects in price competition games: students versus professionals

• Published in: Applied economics letters Vol. 26; no. 4; pp. 274 - 280
• Main Authors: Beyer, Christian, Tebbe, Eva, von Blanckenburg, Korbinian, Kottmann, Elke
• Format: Journal Article
• Language: English
• Published: London Routledge 23.02.2019; Taylor & Francis LLC
• Subjects: Ambiguity; Bias; Collusion; Communication; Economic analysis; Economic theory; Economics; Experimental economics; Experiments; Games; pool effect Bertrand oligopoly professionals; Professionals; Students; Subject

Questioning the external validity of experiments that rely on student participants is an evergreen theme in experimental economics. Yet, there is ambiguous evidence of potential subject-pool bias. We add to the subject-pool debate by enlarging the set of experiments for which subject-pool difference...