This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive …

If an additional competitor reduces output per firm in a homogenous Cournot-oligopoly, market entry will be excessive …

evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per … firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …