Demand shocks, capacity coordination, and industry performance: lessons from an economic laboratory
通过实验室实验，研究在负需求冲击下，寡头企业间的产能协调如何影响调整速度和行业价格，发现产能协调虽加速调整但具有促合谋效应。
Antitrust exemptions granted to businesses under extenuating circumstances are often justified by the argument that they benefit the public by helping producers adjust to otherwise difficult economic circumstances. Such exemptions may allow firms to coordinate their capacities, as was the case of the post‐September 11, 2001, antitrust immunity granted to Aloha and Hawaiian Airlines. We conduct economic laboratory experiments to determine the effects of explicit capacity coordination on oligopoly firms' abilities to adjust to negative demand shocks and on industry prices. The results suggest that capacity coordination speeds the adjustment process, but also has a clear procollusive effect on firm behavior .