Showing 1 - 10 of 9,000
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In …
Persistent link: https://www.econbiz.de/10003023525
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian … actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility. We …
Persistent link: https://www.econbiz.de/10003593007
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In …
Persistent link: https://www.econbiz.de/10011422119
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian … actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility. We …
Persistent link: https://www.econbiz.de/10011422170
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In …
Persistent link: https://www.econbiz.de/10010333735
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In …
Persistent link: https://www.econbiz.de/10005785850
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In …
Persistent link: https://www.econbiz.de/10005150934
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian … actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility. We …
Persistent link: https://www.econbiz.de/10005150943
choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited …This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10011730377
We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with … multiple markets and repeated interaction, we vary the types of information that firms can exchange. We distinguish between … hard information-verifiable information about past conduct-and soft information- unbinding information about future conduct …
Persistent link: https://www.econbiz.de/10012134028