Mixed-Strategy Nash Equilibrium (MSNE) is a commonly used solution concept in game-theoretic models in various fields in economics, management and other disciplines, but the experimental results whether the MSNE predicts well actual play in games is mixed. Consequently, the evidence for...

This article confronts the empirical evidence and theoretical predictions about the correlation between price dispersion and price. Theoretically, search and location differentiation models suggest that price dispersion is a function of search and transportation costs, but is independent of the...