Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 games used by Selten and Chmura (2008) and in the comment by Brunner, Camerer and Goeree (2009). Every participant played against four neighbors and could choose a different...

In a seminal paper O. Williamson (1968) pointed out the relevance of wage rates as a barrier to entry. The crucial point in Williamson's argument is the technological difference between incumbents and entrants - as a potential entrant is supposed to produce with a more labor intensive technology...