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“A profit table or a profit calculator?” A note on the design of Cournot oligopoly experiments

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  • Till Requate

    ()

  • Israel Waichman

    ()

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File URL: http://hdl.handle.net/10.1007/s10683-010-9256-2
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Bibliographic Info

Article provided by Springer in its journal Experimental Economics.

Volume (Year): 14 (2011)
Issue (Month): 1 (March)
Pages: 36-46

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Handle: RePEc:kap:expeco:v:14:y:2011:i:1:p:36-46

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Web page: http://www.springerlink.com/link.asp?id=102888

Related research

Keywords: Cournot oligopoly; Laboratory experiment; Profit table; Profit calculator; Best-response calculator; L13; C72; C92; D21;

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References

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  1. Fonseca, M.A. & Müller, W. & Normann, H.T., 2006. "Endogenous timing in duopoly: Experimental evidence," Open Access publications from Tilburg University urn:nbn:nl:ui:12-193647, Tilburg University.
  2. Le Coq, Chloe & Orzen, Henrik, 2006. "Do forward markets enhance competition?: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 61(3), pages 415-431, November.
  3. Steffen Huck & Wieland Müller & Hans-Theo Normann, 1999. "To commit or not to commit: Endogenous timing in experimental duopoly markets," Experimental 9906002, EconWPA.
  4. Offerman, Theo & Potters, Jan & Sonnemans, Joep, 2002. "Imitation and Belief Learning in an Oligopoly Experiment," Review of Economic Studies, Wiley Blackwell, vol. 69(4), pages 973-97, October.
  5. Nick Feltovich, 2003. "Nonparametric Tests of Differences in Medians: Comparison of the Wilcoxon–Mann–Whitney and Robust Rank-Order Tests," Experimental Economics, Springer, vol. 6(3), pages 273-297, November.
  6. Muller, Wieland, 2006. "Allowing for two production periods in the Cournot duopoly: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 60(1), pages 100-111, May.
  7. Douglas Davis & Robert Reilly & Bart Wilson, 2003. "Cost Structures and Nash Play in Repeated Cournot Games," Experimental Economics, Springer, vol. 6(2), pages 209-226, October.
  8. repec:ebl:ecbull:v:3:y:2002:i:3:p:1-7 is not listed on IDEAS
  9. Carlo Altavilla & Luigi Luini & Patrizia Sbriglia, 2005. "Social Learning in Market Games," Labsi Experimental Economics Laboratory University of Siena 003, University of Siena.
  10. Antoni Bosch-DomËnech & Nicolaas J. Vriend, 2003. "Imitation of successful behaviour in cournot markets," Economic Journal, Royal Economic Society, vol. 113(487), pages 495-524, 04.
  11. Huck, Steffen & Normann, Hans-Theo & Oechssler, Jorg, 2004. "Two are few and four are many: number effects in experimental oligopolies," Journal of Economic Behavior & Organization, Elsevier, vol. 53(4), pages 435-446, April.
  12. Potters, J.J.M. & Suetens, S., 2009. "Cooperation in experimental games of strategic complements and substitutes," Open Access publications from Tilburg University urn:nbn:nl:ui:12-3129878, Tilburg University.
  13. Huck, Steffen & Normann, Hans-Theo & Oechssler, Jorg, 2000. "Does information about competitors' actions increase or decrease competition in experimental oligopoly markets?," International Journal of Industrial Organization, Elsevier, vol. 18(1), pages 39-57, January.
  14. Daughety, Andrew F & Forsythe, Robert, 1987. "The Effects of Industry-Wide Price Regulation on Industrial Organization," Journal of Law, Economics and Organization, Oxford University Press, vol. 3(2), pages 397-434, Fall.
  15. Mason, Charles F. & Phillips, Owen R. & Redington, Douglas B., 1991. "The role of gender in a non-cooperative game," Journal of Economic Behavior & Organization, Elsevier, vol. 15(2), pages 215-235, March.
  16. Cason, Timothy N & Mason, Charles F, 1999. "Information Sharing and Tacit Collusion in Laboratory Duopoly Markets," Economic Inquiry, Western Economic Association International, vol. 37(2), pages 258-81, April.
  17. Rassenti, Stephen & Reynolds, Stanley S. & Smith, Vernon L. & Szidarovszky, Ferenc, 2000. "Adaptation and convergence of behavior in repeated experimental Cournot games," Journal of Economic Behavior & Organization, Elsevier, vol. 41(2), pages 117-146, February.
  18. Steffen Huck & Brian Wallace, 2002. "Reciprocal strategies and aspiration levels in a Cournot-Stackelberg experiment," Economics Bulletin, AccessEcon, vol. 3(3), pages 1-7.
  19. Bigoni, Maria, 2010. "What do you want to know? Information acquisition and learning in experimental Cournot games," Research in Economics, Elsevier, vol. 64(1), pages 1-17, March.
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Citations

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Cited by:
  1. Normann, Hans-Theo & Requate, Till & Waichman, Israel, 2013. "Do short-term laboratory experiments provide valid descriptions of long-term economic interactions? A study of Cournot markets," DICE Discussion Papers 100, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
  2. Normann, Hans-Theo & Rösch, Jürgen & Schultz, Luis Manuel, 2012. "Do buyer groups facilitate collusion?," DICE Discussion Papers 74, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
  3. Korbinian von Blanckenburg & Milena Neubert, 2014. "Monopoly Profit Maximization: Success and Economic Principles," Working Papers 1406, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 16 May 2014.
  4. Sanjit Dhami & ali al-Nowaihi, 2012. "Evidential equilibria in static games," Discussion Papers in Economics 12/15, Department of Economics, University of Leicester.
  5. Özgür Gürerk & Reinhard Selten, 2012. "The effect of payoff tables on experimental oligopoly behavior," Experimental Economics, Springer, vol. 15(3), pages 499-509, September.
  6. Cason, Timothy N. & Gangadharan, Lata, 2013. "Empowering neighbors versus imposing regulations: An experimental analysis of pollution reduction schemes," Journal of Environmental Economics and Management, Elsevier, vol. 65(3), pages 469-484.
  7. Du, Ninghua & Heywood, John S. & Ye, Guangliang, 2013. "Strategic delegation in an experimental mixed duopoly," Journal of Economic Behavior & Organization, Elsevier, vol. 87(C), pages 91-100.
  8. Zizzo, Daniel John, 2013. "Claims and confounds in economic experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 186-195.

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