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the corresponding Cournot equilibrium. From a methodological viewpoint we make extensive use of the basic results from the …
Persistent link: https://www.econbiz.de/10010343823
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10013295651
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10014487322
' order of moves to show that i) Cournot competition is not the subgame perfect Nash equilibrium of the extended game, ii) the …
Persistent link: https://www.econbiz.de/10014075193
the relative profitability of Cournot vs. Bertrand when a per unit royalty is applied. By contrast, we find that Cournot …
Persistent link: https://www.econbiz.de/10012306713
We show that Miller and Pazgal.s (2001) model of strategic delegation, in which managerial incentives are based upon relative performance, is affected by a non-existence problem which has impact on the price equilibrium. The undercutting incentives generating this result are indeed similar to...
Persistent link: https://www.econbiz.de/10011734216
We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to different informational assumptions, notto different...
Persistent link: https://www.econbiz.de/10011509505
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the …Einem bekannten und überraschenden Result zufolge ist das langfristige evolutionäre Gleichgewicht in einem endlichen …
Persistent link: https://www.econbiz.de/10010399434
Price competition with increasing marginal costs, though relevant for many markets, appears as an under-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as well as the demand rationing and matching schemes in...
Persistent link: https://www.econbiz.de/10011411148
building their capacity over time, firms compete à la Cournot in the product market given their installed capacity. There is no …
Persistent link: https://www.econbiz.de/10013119144