haku: @indexterm individual behaviour / yhteensä: 848
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| Tekijä: | Kelly, F. |
| Otsikko: | Laboratory subjects as multiproduct monopoly firms: an experimental investigation |
| Lehti: | Journal of Economic Behavior and Organization
1995 : AUG, VOL. 27:3, p. 401-420 |
| Asiasana: | INDIVIDUAL BEHAVIOUR MONOPOLY PRICING |
| Kieli: | eng |
| Tiivistelmä: | Previous experimental research demonstrates that market responses of laboratory subjects as monopoly firms converge to theoretic predictions. This research increases the complexity of market decisions facing such subjects. Each subject is established as a multiproduct monopoly firm, capable of producing two distinct goods. In this environment the seller must select a selling strategy from limited alternatives and offer prices. Results show that market responses of subjects are more likely to converge to multiproduct monopoly model predictions when strategy options are relatively simple, or when greater rewards are present. |
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