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Mixture and distribution of different water qualities: an experiment on vertical structure in a complex market

  • Autores: Tibor Neugebauer, Praveen Kujal, Enrique Fatás Juberías, Nikolaos Georgantzis
  • Localización: Cuadernos de economía: Spanish Journal of Economics and Finance, ISSN 0210-0266, ISSN-e 2340-6704, Vol. 27, Nº. 75, 2004, págs. 95-137
  • Idioma: inglés
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  • Resumen
    • We report results from experimental markets in which two different qualities of water are supplied to two types of consumers: households and farmers. In the scenarios studied, we vary strategic complexity (and centralization) by varying the number of agents per market. Centralization of information by a multiproduct monopolist (scenario 1) improves market performance with respect to a duopoly (scenario 2). A downstream coordinator (scenario 3) succeeds in mitigating upstream market power.

      In a complex setup like ours, some centralization on the supply or the demand side may enhance market efficiency.


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