Prior laboratory experiments have suggested that prices and expectations are flexible when firms' prices are strategic substitutes but sticky when they are strategic complements. I argue that the observed asymmetry is influenced by focal points in the participants' payoff tables across...

This research examines results from laboratory experiments in which five human subjects participate as sellers in a Cournot oligopoly environment. The central issue is whether repeated play among a group of privately informed subjects will lead to convergence to a unique, static, noncooperative...