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Autoren: 
Offerman, Theo
Potters, Jan
Sonnemans, Joep
Datum: 
1997
Schriftenreihe/Nr.: 
Tinbergen Institute Discussion Paper No. 97-116/1
Zusammenfassung: 
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the successful firm,following the exemplary firm, andbelief learning.Theoretically, these three rules of dynamic conduct lead to the competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments. Each of these treatments is hypothesized to be conducive to the force of one of the three dynamic rules. To a large extent, the results are consistent with the hypothesized relationships between treatments, dynamic rules, and outcomes.
Schlagwörter: 
quantity-setting oligopoly game
imitation
belief learning
experiments
JEL: 
H41
C91
Dokumentart: 
Working Paper
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