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games when two simplebehavior rules coexist in the population, imitation and myopic optimization.We assume that myopic …
Persistent link: https://www.econbiz.de/10011256708
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the successful firm,following the exemplary firm, andbelief learning.Theoretically, these three rules of dynamic conduct lead to the competitive, the collusive, and the Cournot-Nash...
Persistent link: https://www.econbiz.de/10011257649