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 …

In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to …

In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to …. -- Fixed and Random Matching ; Incomplete Information ; Ex-Post Regret Learning ; Nash Equilibrium ; Ex-Post Equilibrium … ; Minimax Regret Equilibrium ; Second-Price Auction ; First-Price Auction ; Bertrand Duopoly …

duopoly). Whereas in the one-shot markets we find no significant differences in the behavior of groups and individuals, in the …

In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other … to adjust aspiration levels if they cannot be satisfied. -- satisficing behavior ; duopoly ; profit aspiration ; theory …

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 …