framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential … heuristic (Cournot best-response) and the stable one (imitation) and on the intensity of the evolutionary pressure. When this … cost differential is positive (i.e., imitation is relatively cheaper vis a vis Cournot), most firms use this heuristic and …

agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are … hypothesis we run an experiment where participants play two consecutive Bertrand pricing games: first a standard version without …

applying social equilibrium. In an example of a duopoly water market, we argue that the lack of backward induction logic … social equilibrium in duopoly water markets with an upstream-downstream river structure and derive it in the example of a … duopoly market. …

comes from studies of within-group inequality. In an online public goods experiment, we instead examine the effects of …

This paper examines a homogeneous-good Bertrand-Edgeworth oligopoly model to explore the role of firm size and number … oligopoly prices. …

The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast … literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to … interpret information sharing as evidence of collusion. Recent contributions have looked at bilateral information sharing …

interprets social responsibility as a means of power to increase firms' market share in a duopoly. Objectives: This paper … analyses the duopoly model in which firms decide on optimal social investments and production in two phases. The basic research …