Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10001572923
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/10010371113
Persistent link: https://www.econbiz.de/10001706136
Persistent link: https://www.econbiz.de/10001238126
Persistent link: https://www.econbiz.de/10000976205
Persistent link: https://www.econbiz.de/10001469979
Persistent link: https://www.econbiz.de/10000984810
Persistent link: https://www.econbiz.de/10003762592
The strategy method is becoming an important tool in experimentalmethodology. This study examines how well this method works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice solving the problem andformulating strategies, they play...
Persistent link: https://www.econbiz.de/10011283474
In repeated number guessing games choices typically converge quickly to the Nash equilibrium. In positive expectations feedback experiments, however, convergence to the equilibrium price tends to be very slow, if it occurs at all. Both types of experimental designs have been suggested as...
Persistent link: https://www.econbiz.de/10011376659