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This paper derives a three stage Cournot duopoly game for research collaboration, research expenditures and product … market competition. The amount of knowledge firms can absorb from other firms is made dependent on their own research efforts … positive effect on R&D efforts both under research joint venture and under research competition. Firms' propensity to …
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We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff function but see the output quantities and payoffs of each oligopolist after every period. In line with theoretical predictions and previous experimental findings, our...
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-Nash-Gleichgewicht zu verharren, sondern stattdessen nahezu voll kollusive Levels im Duopol erreichen und im Triopol tief in kollusives …
Persistent link: https://www.econbiz.de/10009583743
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our … information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
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competition affect agents' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a …
Persistent link: https://www.econbiz.de/10011895040
A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the "discouragement effect." Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the...
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