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

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …

In the heterogeneous experimental oligopoly markets of this paper, sellers first choose capacities and then prices. In … setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage …