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We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments: <OL> <LI>mimicking the successful firm, <LI>following the exemplary firm, and <LI>belief learning. </OL> Theoretically, these three rules of dynamic conduct lead to the competitive, the collusive, and the...</li></li></li></ol>
Persistent link: https://www.econbiz.de/10005137324
supermodular games when two simple behavior rules coexist in the population, imitation and myopic optimization. We assume that …
Persistent link: https://www.econbiz.de/10005281882