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Testing the TASP: An experimental investigation of learning in games with unstable equilibria

Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - 2009

We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP … equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a …

Persistent link: https://www.econbiz.de/10010288137

Incentives for subjects in internet experiments

Duersch, Peter; Oechssler, Jörg; Schipper, Burkhard C. - 2008

Internet experiments are a new and convenient way for reaching a large subject pool. Yet, providing incentives to … incentive device. Performance based financial incentives seem to be required also in internet experiments. …

Persistent link: https://www.econbiz.de/10010266412

Cournot competition between teams: an experimental study

Schipper, Burkhard C.; Raab, Philippe - 2007

assumption is robust in experiments, which is in contrast to experimental results on price competition. …

Persistent link: https://www.econbiz.de/10010276634

Myopic Oligopoly Pricing

Bos, Iwan; Marini, Marco A.; Saulle, Riccardo D. - 2021

This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set stability concept and establish the existence of a unique pure-strategy price solution for any given level of capacity. This solution is shown to coincide with...

Persistent link: https://www.econbiz.de/10012501727

Myopic Oligopoly Pricing

Bos, Iwan; Marini, Marco A.; Saulle, Riccardo D. - 2021

This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence of a unique pure-strategy price solution for any given level of capacity. This solution is shown to coincide with the...

Persistent link: https://www.econbiz.de/10012819786

Local contraction-stability and uniqueness

Hefti, Andreas M. - 2013

In this paper we analyze R&D collaboration networks in industries where firms are competitors in the product market. Firms' benefits from collaborations arise by sharing knowledge about a cost-reducing technology. By forming collaborations, however, firms also change their own competitive...

Persistent link: https://www.econbiz.de/10010316820

Attention competition

Hefti, Andreas M. - 2011

I present a game-theoretic model where economic competition and attention competition are interdependent. On the one hand the effort to attract consumer attention depends on the value of attention to the firm which depends on the grade of price competition among all perceived firms. On the other...

Persistent link: https://www.econbiz.de/10010316856

Cournot games with biconcave demand

Ewerhart, Christian - 2013

Biconcavity is a simple condition on inverse demand that corresponds to the ordinary concept of concavity after simultaneous parameterized transformations of price and quantity. The notion is employed here in the framework of the homogeneous-good Cournot model with potentially heterogeneous...

Persistent link: https://www.econbiz.de/10010316821

On the role of non-equilibrium focal points as coordination devices

Bosch-Domènech, Antoni; Vriend, Nicolaas J. - 2008

Considering a pure coordination game with a large number of equivalent equilibria, we argue, first, that a focal point that is itself not a Nash equilibrium and is Pareto dominated by all Nash equilibria, may attract the players' choices. Second, we argue that such a non-equilibrium focal point...

Persistent link: https://www.econbiz.de/10010284116

Multiple behavioral rules in Cournot oligopolies

Alós-Ferrer, Carlos; Ritschel, Alexander - 2019

laboratory experiment and two replications on Cournot oligopolies, we find direct evidence showing that decisions arise from the …

Persistent link: https://www.econbiz.de/10012056814