An experimental test of the mixed strategy equilibrium in price-quantity oligopolies

We experimentally study price-quantity competitions in duopoly and triopoly markets and compare the results with the respective mixed strategy equilibria. The equilibrium does not predict experimental outcomes adequately, but we find indications for a reactive strategy in the experiments.

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Year of publication:	2014-07-08
Authors:	Cracau, Daniel ; Franz, Benjamin
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 34.2014, 3, p. 1369-1380
Publisher:	AccessEcon
Subject:	Price-Quantity Competition \| Mixed Strategy Equilibrium \| Experimental Economics

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Extent:	application/pdf
Type of publication:	Article
Classification:	L1 - Market Structure, Firm Strategy, and Market Performance ; D4 - Market Structure and Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010836308