, but quantities are distributed asymmetrically. An experiment largely confirms the existence of such sophisticated play …

The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly … be suitable for imitation for various reasons. Only one of the most successful of the remaining members of the reference … group is imitated. Imitation is the adoption of the imitated player's strategy. Imitation equilibrium does not only mean …

This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …

We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the …

We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the … are also able to learn structural properties of the games. -- Game Theory ; Learning ; Extrapolation …

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 …