Can experiments be used to study long term group decisions of organizations?
While the topic is outside of my area of expertise, I think its really interesting and am aware of this study:
Oprea, R. (2008). Free Cash Flow and Takeover Threats: An Experimental Study. Southern Economic Journal, 351-366.
which tests ideas like Dutta & Radner's (1999) market selection hypothesis:
Prajit K. Dutta and Roy Radner
The Review of Economic Studies , Vol. 66, No. 4 (Oct., 1999), pp. 769-798
hope this helps!
It would be great if Paul Ojeaga could actually give some examples of the many studies in this area that he is aware of.
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