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We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10010263153
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10011422135
In this paper, I compare two-part tariff competition to linear pricing in a vertically differentiated duopoly …
Persistent link: https://www.econbiz.de/10010263184
market structure from monopoly to duopoly under the assumption that software producers compete in technology rather than …, i.e. innovation. It is found that: (i) moving from monopoly to duopoly does increase the technology level set by firms … in the software industry; (ii) a duopoly adjusts more readily to global technological progress than a monopolist …
Persistent link: https://www.econbiz.de/10010276552
In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other …
Persistent link: https://www.econbiz.de/10010294797
This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A …
Persistent link: https://www.econbiz.de/10010300615
competition, ii) increases (decreases) the parameter region with a unique duopoly equilibrium (multiple equilibria), iii) reduces …
Persistent link: https://www.econbiz.de/10010303797
framework of an international duopoly with environmental regulations, this paper shows that an environmental tax imposed by the …
Persistent link: https://www.econbiz.de/10010332390
In a duopoly industry with environmentally differentiated products, we examine the effects of introducing a mandatory …
Persistent link: https://www.econbiz.de/10010333078
In this paper, we analyze the equilibrium amount of entertainment in news coverage of newspapers and television stations. We find that a shift in the inclination to read, expressed by a shift in the (psychological) distance costs, induces both media outlets to incorporate more entertaining...
Persistent link: https://www.econbiz.de/10010427580