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Friends or strangers? : strategic uncertainty and coordination across experimental games of strategic complements and substitutes
Chierchia, Gabriele; Tufano, Fabio; Coricelli, Giorgio - 2018
It is commonly assumed that friendship should generally benefit agents' ability to tacitly coordinate with others. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and substitutes. We present an experimental study in which...
Persistent link: https://www.econbiz.de/10011817934
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Ex-post regret learning in games with fixed and random matching : the case of private values
Saran, Rene; Serrano, Roberto - 2010
; Minimax Regret Equilibrium ; Second-Price Auction ; First-Price Auction ; Bertrand Duopoly …
Persistent link: https://www.econbiz.de/10008688967
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Cournot Competition with an Uncertain Number of Players : Experimental Evidence
Möllers, Claudia; Normann, Hans-Theo; Odenkirchen, … - 2022
We examine repeated Cournot oligopolies when there is uncertainty about the number of players. Already in the static game, such uncertainty can imply outputs above Nash. For the repeated game, we argue that the uncertainty may lead to a novel strategy, based on a notion of limited depth of...
Persistent link: https://www.econbiz.de/10014077530
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Endogenous Timing in Pollution Control : Stackelberg Versus Cournot-Nash Equilibria
Heugues, Melanie - 2011
In the framework of international cooperation on climate change to control greenhouse gas emissions (GHG), this paper aims to shed new light on the eventuality of the emergence of a country (or a group of countries) behaving as a leader in the implementation of its environmental policy. The...
Persistent link: https://www.econbiz.de/10014185193
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A Nonparametric Test of Strategic Behavior in the Cournot Model
Deb, Rahul; Fenske, James E. - 2012
cost functions that do not change over the period of observation but that market demand can change in each period. Market … prices and firm-specific production quantities are observed and it is assumed that neither the inverse demand functions nor … the cost functions are known. The driving assumptions of the test are that market inverse demand functions are decreasing …
Persistent link: https://www.econbiz.de/10014205902
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Bertrand Competition with Asymmetric Costs : A Solution in Pure Strategies
Demuynck, Thomas - 2018
We consider two versions of a Bertrand duopoly with asymmetric costs and homogeneous goods. They differ in whether …
Persistent link: https://www.econbiz.de/10012925628
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Games with switching costs and endogenous references
Guney, Begum; Richter, Michael - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 617-650
We introduce a game-theoretic model with switching costs and endogenous references. An agent endogenizes his reference strategy and then, taking switching costs into account, he selects a strategy from which there is no profitable deviation. We axiomatically characterize this selection procedure...
Persistent link: https://www.econbiz.de/10013273768
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Ex-Post Regret Learning in Games with Fixed and Random Matching : The Case of Private Values
Saran, Rene - 2010
In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to understand how to play games of incomplete information under private values. The conclusions depend on whether players interact within a fixed set (fixed matching) or they are...
Persistent link: https://www.econbiz.de/10013142432
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Friends or strangers? : strategic uncertainty and cooperation across experimental games of strategic complements and substitutes
Chierchia, Gabriele; Tufano, Fabio; Coricelli, Giorgio - 2017
It is commonly assumed that friendship should decrease strategic uncertainty in games involving tacit coordination. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and substitutes. We present an experimental study having...
Persistent link: https://www.econbiz.de/10011660682
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When Firm-Level Demand with Price Competition and Inverse Demand with Quantity Competition Coincide
Kolberg, William C. - 2009
demand and inverse demand is found under conditions of perfectly isolated duopoly all the way continuously through to the …The first part of the paper reviews an analytical method for inverting demand in price competition to find the … corresponding inverse demand under quantity competition. The method yields a simple function relating demand elasticities with …
Persistent link: https://www.econbiz.de/10012720421