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. We review previous Cournot experiments in the literature. Additionally, we conduct a new series of experiments studying …
Persistent link: https://www.econbiz.de/10011539897
. In this study we analyze the case of an n firm oligopoly in Allaz’ and Vila’s framework and derive comparative static … laboratory experiment. Our findings support the main comparative-static predictions of the model but also suggest that, when … than predicted. -- Cournot Competition ; Forward Markets ; Spot Markets ; Experiments …
Persistent link: https://www.econbiz.de/10001693096
We report on an experiment designed to study a dynamic model of quantity competition where firms continuously revise … static Nash equilibrium, thereby showing a negative value of information with lower profits. With stochastic revision, where …
Persistent link: https://www.econbiz.de/10014122747
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two …
Persistent link: https://www.econbiz.de/10011825236
We present a formal model of symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and …
Persistent link: https://www.econbiz.de/10014104403
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 …
Persistent link: https://www.econbiz.de/10013028699
This paper investigates the existence of strong Nash equilibria (SNE) in Cournot and Bertrand oligopoly models. Given …
Persistent link: https://www.econbiz.de/10012987974
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 …
Persistent link: https://www.econbiz.de/10010343823
, and is provision easier if outsiders gain a windfall profit? In an experiment we observe that both positive and negative …
Persistent link: https://www.econbiz.de/10014204524
We study the effect of voting when insiders' public goods provision may affect passive outsiders. Without voting insiders' contributions do not differ, regardless of whether outsiders are positively or negatively affected or even unaffected. Voting on the recommended contribution level enhances...
Persistent link: https://www.econbiz.de/10013044538