Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - EconWPA - 1997
This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive … theoretical predictions for the learning theories and test these predictions by varying the information given to subjects. The …, markets are more competitive. Other subjects follow a best reply process. On the aggregate level we find that more information …