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This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited a priori information. The econometrics hinges on a...
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strong perfect equilibrium is the main solution concept that we apply. It requires that no coalition of players in no subgame … of firms' average discounted profits is maximized along the equilibrium path then the equilibrium output of each type of … purchased in the analyzed market in a retail market) then the equilibrium vector of the quantities sold in the retail market is …
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