setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage …In the heterogeneous experimental oligopoly markets of this paper, sellers first choose capacities and then prices. In … equilibrium, capacities should correspond to the Cournot prediction. In the experimental data, given capacities, observed price …

We investigate simultaneous and sequential price competition in duopoly markets with differentiated products. In both …, just as predicted by the theory, whereas average follower prices are not above average prices in the simultaneous market … simultaneous-move markets whereas first movers do not. As in theory, there is a significant first-mover disadvantage when firms …

This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the … oligopoly ; entry …

In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …

are linear. The results help to reconcile theory with various empirical findings on mergers. -- efficient hedging …

orientation ; heterogenous market ; duopoly …

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

On a homogeneous oligopoly market informed sellers are fully aware of market demand whereas uninformed sellers only …. -- evolution ; oligopoly ; market research ; private information …

Research ; Game Theory ; Price Competition among Manufacturers and Retailers ; Empirical Industrial Organization …

The theory of industrial organization has experienced an impressive boom by using the methods of (non-cooperative) game … theory. The conclusions depend, however. crucially on subtle details of the market decision processes about which there exist …