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| Author: | Offerman, T. Potters, J. Sonnemans, J. |
| Title: | Imitation and belief learning in an oligopoly experiment |
| Journal: | Review of Economic Studies
2002 : OCT, VOL. 69:4(241), p. 973-997 |
| Index terms: | Oligopoly Equilibrium analysis |
| Language: | eng |
| Abstract: | The authors examine the force of three types of behavioural dynamics in quantity-setting triopoly experiments (1) mimicking the successful firm, (2) rules based on following the exemplary firm, (3) rules based on belief learning. Theoretically, these types of rules lead to the competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment the authors employ three information teratment, each of which is hypothesized to be conductive to the force of one of the three dynamic rules. |
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