İriş, Doruk; Santos-Pinto, Luís - In: Theory and Decision 76 (2014) 1, pp. 31-45
This paper explores the role of inequity aversion as an explanation for observed behavior in experimental Cournot … oligopolies. We show that inequity aversion can change the nature of the strategic interaction: quantities are strategic … substitutes for sufficiently asymmetric output levels but strategic complements otherwise. We find that inequity aversion can …