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Social learning and delay in a dynamic model of price competition

Aoyagi, Masaki; Bhallay, Manaswini; Gunayz, Hikmet - 2014

This paper studies dynamic price competition over two periods between two firms selling differentiated durable goods to two buyers who are privately informed about their types, but have valuations of the two goods dependent on the other buyer's type. The firms' pricing strategy in period 1 must...

Persistent link: https://www.econbiz.de/10010381472

Information and learning in oligopoly : an experiment

Bigoni, Maria; Fort, Margherita - 2013 - This version: January 4, 2013

This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …

Persistent link: https://www.econbiz.de/10011730377

Social Learning and Strategic Pricing with Rating Systems

Chen, Chia‐Hui; Chen, Kong-pin; Ishida, Junichiro - 2023

Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...

Persistent link: https://www.econbiz.de/10014345170

Dynamic pricing in the presence of social learning and strategic consumers

Papanastasiou, Yiangos; Savva, Nicos - In: Management science : journal of the Institute for … 63 (2017) 4, pp. 919-939

Persistent link: https://www.econbiz.de/10011672765

Algorithmic collusion and the minimum price Markov game

Sadoune, Igor; Joanis, Marcelin; Lodi, Andrea - 2025

Persistent link: https://www.econbiz.de/10015361603

Coordination and Social Learning

Huang, Chong - 2016

This paper studies the interaction between coordination and social learning in a dynamic regime change game. Social … learning provides public information, to which players overreact due to the coordination motive. Coordination affects the …

Persistent link: https://www.econbiz.de/10013008554

Strategic Observational Learning

Migrow, Dimitri - 2023

We study learning by privately informed forward-looking agents in a simple repeated-action setting of social learning …

Persistent link: https://www.econbiz.de/10014263855

Imitators and Optimizers in Cournot Oligopoly

Schipper, Burkhard - 2005

We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators …

Persistent link: https://www.econbiz.de/10010366551

Abbink, Klaus (contributor); Brandts, Jordi (contributor) - 2003 - [Elektronische Ressource], rev

experiments ; industrial organisation ; oligopoly ; price competition ; co-ordination games, learning …

Persistent link: https://www.econbiz.de/10001835606

A Note on Evolutionary Stability of Bertrand Equilibrium

Hehenkamp, Burkhard; Leininger, Wolfgang - 1999

It is shown that the equilibrium notion of an evolutionary stable strategy (ESS) does have predictive power for standard models of Bertrand competition. This is in contrast to a recent claim by Qin and Stuart (1997). The claim is based on the observation that the solution concept ESS behaves...

Persistent link: https://www.econbiz.de/10014184323