search query: @author Huck, S. / total: 9
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| Author: | Huck, S. |
| Title: | Learning in Cournot oligopoly -- an experiment |
| Journal: | Economic Journal
1999 : MAR, VOL. 109-454, p. C80-C95 |
| Index terms: | ECONOMICS LEARNING OLIGOPOLY |
| Language: | eng |
| Abstract: | this experiment was designed to test various learning theories in the context of a Cournot oligopoly. The authors derive theoretical predictions for the learning theories and test these predictions by varying the information given to subjects. The results show that some subjects imitate successful behavior if they have the necessary information, and if they imitate, markets are more competitive. Other subjects follow a best reply process. |
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