-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …We study long-run learning in an experimental Cournot game with no explicit information about the payoff function … subjects switch from imitation of the most profitable rival to other behavior that, intentionally or otherwise, facilitates …

-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …We study long-run learning in an experimental Cournot game with no explicit information about the payoff function … subjects switch from imitation of the most profitable rival to other behavior that, intentionally or otherwise, facilitates …

In this paper, we study an imperfect monitoring model of duopoly under similar settings as in Green and Porter (1984 … cooperative motives. In contrast to Green and Porter (1984), our results show that in a model with learning, breakdown of a cartel …

), and qualify the role of random experimenting, social learning (imitation), and (updated) memory in helping firms to …This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more … the results of the literature on evolutionary learning in oligopoly can analytically be characterized through the …

stochastically stable state of an evolutionary process of imitation with experimentation. …

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 …

We conducted laboratory experiments to investigate how private and public information affect the selection and timing … of technology adoption. Our experiments extend the standard herding model to more accurately represent the innovation …