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. …

differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply …. Numerical simulations suggest that if the products are either complements or independent, or if they have an extremely low …

aggression. In this lab experiment, we find that adopting an objective attitude (objective), through a form of emotion regulation …

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 …

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