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| Author: | Rassenti, S. |
| Title: | Adaptation and convergence of behavior in repeated experimental Cournot games |
| Journal: | Journal of Economic Behavior and Organization
2000 : FEB, VOL. 41:2, p. 117-146 |
| Index terms: | ECONOMIC BEHAVIOUR ORGANIZATION GAMES |
| Language: | eng |
| Abstract: | This research examines results from laboratory experiments in which five human subjects participate as sellers in a Cournot oligopoly environment. The central issue is whether repeated play among a group of privately informed subjects will lead to convergence to a unique, static, noncooperative Nash equilibrium. The experiments were designed so that the implications of different hypotheses about adaptation and convergence, such as the best response dynamic and ficticious play, could be distinguished. |
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