The sequential hotelling game : slowly learning the equilibrium outcome

In the second paper I analyze a three-player variant of Hotelling's (1929) influential locational choice model experimentally and theoretically, where entry is sequential instead of simultaneous. I find that first, Duverger’s Law (1959) is robust to violations of the gametheoretical prediction also in this context, and second, that special attention should be directed towards the timeframe of experiments, as results vary massively with different timeframes for our subjects. While initial play is not according to theory at all, after many rounds play converges towards the theoretical prediction.