S
Steffen Huck
Researcher at University College London
Publications - 249
Citations - 8344
Steffen Huck is an academic researcher from University College London. The author has contributed to research in topics: Cournot competition & Competition (economics). The author has an hindex of 47, co-authored 245 publications receiving 7866 citations. Previous affiliations of Steffen Huck include Institute for the Study of Labor & Humboldt University of Berlin.
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Burning money and (pseudo) first-mover advantages: an experimental study on forward induction
Steffen Huck,Wieland Müller +1 more
TL;DR: It is shown that the behavioral relevance of the mere potential for one player to burn money prior to play has been shown to be an effective device to select this player’s most preferred outcome and its validity depends on whether the game is played in extensive or normal form.
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Merger profitability and trade policy
Steffen Huck,Kai A. Konrad +1 more
TL;DR: In this paper, the authors study the profitability incentives for merger and the endogenous industry structure in a strategic trade policy environment and show that merger can be profitable and welfare enhancing, even though it would not be profitable in a laissez-faire economy.
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The limitations of the positional order effect: Can it support silent threats and non-equilibrium behavior?
TL;DR: The study provides evidence about the importance of physical temporal ordering for real life economic decisions by studying sequential battle-of-sexes games where it predicts an unannounced commitment to a weakly dominated strategy and a class of 2×2 games with unique equilibria where it even predicts non-equilibrium behavior.
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Imitation and the evolution of Walrasian behavior: theoretically fragile but behaviorally robust
TL;DR: In this article, it was shown that imitation leads to the Walrasian outcome where price equals marginal cost, and that imitation is not robust to the slightest asymmetry in fixed costs.
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Aggregate information cascades
TL;DR: This work introduces a new model of aggregate information cascades where only one of two possible actions is observable to others, and concludes that only one type of cascade arises in equilibrium, the aggregate cascade on the observable action.