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In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …
Persistent link: https://www.econbiz.de/10010983508
experiment. We find no differences between treatments. This suggests that those dictators who give are purely internally …
Persistent link: https://www.econbiz.de/10005762127
stated beliefs against adverse outcomes of other decisions in the experiment. This raises two questions: (i) can we trust the …
Persistent link: https://www.econbiz.de/10005761772
for which two channels may be responsible, that our experiment allows to separate: i) a direct, preference-based channel …
Persistent link: https://www.econbiz.de/10008558951
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any knowledge of the payoff functions players increase, respectively decrease, their quantity by one unit as long as this leads to higher profits. We show that despite the absence of...
Persistent link: https://www.econbiz.de/10010983493