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We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our … information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
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This paper considers a market in which only the incumbent's quality is publicly known. The entrant's quality is observed by the incumbent and some fraction of informed consumers. This leads to price signalling rivalry between the duopolists, because the incumbent gains and the entrant loses when...
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We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff …Wir untersuchen die Stabilität von Imitationsverhalten in einem experimentellen Cournot-Oligopol mit 1.200 Perioden, in …
Persistent link: https://www.econbiz.de/10010194591
We study long-run learning in an experimental Cournot game with no explicit information about the payoff function … pausing at the Cournot-Nash level quantities continue to drop, eventually reaching almost fully collusive levels in duopolies …-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …
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This paper derives a three stage Cournot duopoly game for research collaboration, research expenditures and product …
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