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We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the …
Persistent link: https://www.econbiz.de/10010371113
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments: <OL> <LI …
Persistent link: https://www.econbiz.de/10005137324
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the …
Persistent link: https://www.econbiz.de/10011257649
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In … our theoretical analysis we find that the different predictions of previous imitation models are due to different … laboratory experiment we test the different theories by systematically varying information conditions. We find significant …
Persistent link: https://www.econbiz.de/10010366552
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 …. In alaboratory experiment we test the different theories by systematically varying informationconditions. We find that …
Persistent link: https://www.econbiz.de/10011509505
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian … actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility. We …
Persistent link: https://www.econbiz.de/10003593007
We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff …Wir untersuchen die Stabilität von Imitationsverhalten in einem experimentellen Cournot-Oligopol mit 1.200 Perioden, in … daher die Notwendigkeit einer neuen Theorie über die Entstehung von Kooperation nahe. …
Persistent link: https://www.econbiz.de/10010194591
The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly … be suitable for imitation for various reasons. Only one of the most successful of the remaining members of the reference … group is imitated. Imitation is the adoption of the imitated player's strategy. Imitation equilibrium does not only mean …
Persistent link: https://www.econbiz.de/10011538885
cost, and without bearing innovation risk. We model the situation as a game and test it in the lab. We find even more … givingimitators a free lunch does not have a chilling effect on innovation. -- innovation ; imitation ; appropriation ; patent …
Persistent link: https://www.econbiz.de/10009742356
innovators’ sensitivity to fairness; imitators get a free lunch, after all. We model the situation as a game and test it in the … spills over to an outsider, and if successful imitation reduces the innovator’s profit. Post-experimental tests and the …
Persistent link: https://www.econbiz.de/10014038994