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The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly …
Persistent link: https://www.econbiz.de/10011538885
The paper presents the concept of an "imitation equilibrium" and explores it in the context of some simple oligopoly …
Persistent link: https://www.econbiz.de/10010317643
Industrial organization is mainly concerned with the behavior of large firms. Experimental industrial organization therefore faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals firms! This experimental approach is not in line with...
Persistent link: https://www.econbiz.de/10010294406
Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly …
Persistent link: https://www.econbiz.de/10010310498
Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly …
Persistent link: https://www.econbiz.de/10010312013
We introduce a generalized theoretical approach to study imitation andsubject it to rigorous experimental testing. In our theoretical analysiswe …nd that the different predictions of previous imitation models aredue to different informational assumptions, not to different behavioralrules. It is...
Persistent link: https://www.econbiz.de/10005868466
Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly …
Persistent link: https://www.econbiz.de/10010954757
Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly …
Persistent link: https://www.econbiz.de/10010956088
Industrial organization is mainly concerned with the behavior of large firms. Experimental industrial organization therefore faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals “firms”! This experimental approach is not in line...
Persistent link: https://www.econbiz.de/10010551110
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian …
Persistent link: https://www.econbiz.de/10003593007