Le Coq, Chloé; Jon Thor Sturluson - 2004 - [Elektronische Ressource], Rev. November 10, 2011
This paper investigates why subjects in laboratory experiments on quantity precommitment games consistently choose capacities above the Cournot level - the subgame-perfect equilibrium. We argue that this puzzling regularity may be attributed to players' perceptions of their opponents' skill or...