Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62696
Authors: 
Anderhub, Vital
Güth, Werner
Kamecke, Ulrich
Normann, Hans-Theo
Year of Publication: 
2001
Series/Report no.: 
Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2001,10
Abstract: 
In the heterogeneous experimental oligopoly markets of this paper, sellers first choose capacities and then prices. In equilibrium, capacities should correspond to the Cournot prediction. In the experimental data, given capacities, observed price setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage to cooperate.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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