and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those …

It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer’s definition …

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 …

We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our … information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon … treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete …

We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our … information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon … treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete …

We report results of experiments designed to test the predictions of the best reply process. In a Cournot oligopoly …

This paper investigates the existence of strong Nash equilibria (SNE) in Cournot and Bertrand oligopoly models. Given …

This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private domestic or …-perfect equilibrium of the extended game, in sharp contrast to private duopoly games. We provide sufficient conditions for the emergence …

the information structure, the mode of competition, and the degree of product differentiation. Moreover, in our experiment …We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where … both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in …

We devise a nonparametric test of strategic behavior in a multiproduct Cournot oligopoly. It is assumed that firms have …