number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

We combine two extensions of the differentiated duopoly model of Dixit (1979), namely Caminal and Vives (1996) and … Brander and Spencer (2015a,b), to analyze the effect of consumer learning on firms' incentives to differentiate their products … more likely to invest in differentiation with consumer learning than without. This is in line with implications of the …

We study firms' incentives to acquire private information on cost in a duopoly signaling game. Firms first choose how …

not self-learning algorithms can learn to collude instead of compete against each other, without violating existing …-approximation and mathematically prove that, if implemented independently by two price-setting firms in a duopoly, prices will converge …