Anderhub, Vital; Güth, Werner; Kamecke, Ulrich; … - 2001
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 …