Buchali, Katrin; Grüb, Jens; Muijs, Matthias; … - 2023
both firms employ the identical price-setting algorithm based on Q-learning. Thus, the question arises whether the … underlying assumption that both firms employ a Q-learning algorithm can be supported as an equilibrium in a game where firms can … chose between different pricing rules. Our simulations show that when both firms use a learning algorithm, the outcome is …
