Laboratory experiments compare the results of two different buyer rationing rules on Bertrand-Edgeworth duopoly markets. The two rationing rules, a value queue and a random queue, specify the ordering of buyers and generate different predictions under otherwise identical conditions. These...

The authors present theoretical and experimental results on spatial competition between two firms. Firms choose locations simultaneously along a line representing a linear market. Identical consumers with nonincreasing demand functions are uniformly distributed along this line. The authors solve...