@article{Bruttel2018,
  author    = {Bruttel, Lisa Verena},
  title     = {The Limits of Buyer Power},
  series = {Review of Behavioral Economics},
  volume    = {5},
  journal   = {Review of Behavioral Economics},
  number    = {2},
  publisher = {Now Publishers inc.},
  address   = {Hannover},
  issn      = {2326-6198},
  doi       = {10.1561/105.00000082},
  pages     = {149 -- 167},
  year      = {2018},
  abstract  = {This paper studies the behavior of buyers confronting an incumbent monopolist and a potential market entrant in a repeated trade situation. In the experiment, buyers have two possibilities to demand lower prices in future trade periods. First, they can withhold demand. Second, they can voluntarily pay a higher price to the entrant in order to encourage future re-entry. Both these forms of buyer behavior occur in the experiment. They are less frequent when the number of buyers is large as opposed to small. A control treatment tests to what extent such behavior can be attributed to strategic motives.},
  language  = {en}
}