Huck, Steffen; Muller, Wieland; Normann, Hans-Theo - In: Economic Journal 111 (2001) 474, pp. 749-65
We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. We implement both a random matching and a fixed-pairs version for each market. Stackelberg markets yield, regardless of the matching scheme, higher outputs than Cournot markets and,...