Cournot Competition, Contestability, and Hit-and-Run Entry and Exit in a Teaching Experiment

We describe a computerized experiment which can be used to introduce students to imperfect competition in courses on Introductory Economics, Industrial Organization, and Strategy & Management. In addition to introducing students to strategic thinking in general, the experiment serves to demonstrate that firm profits fall as the number of competitors is increased in a market, and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy and management as well as in MBA courses with great success

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Year of publication:	2004
Authors:	Gächter, Simon ; Thöni, Christian ; Tyran, Jean-Robert
Publisher:	[S.l.] : SSRN
Subject:	Markteintritt \| Market entry \| Experiment \| Theorie \| Theory \| Marktaustritt \| Market exit \| Duopol \| Duopoly \| Potenzieller Wettbewerb \| Potential competition

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