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Abstract

In an experimental standard Cournot Oligopoly we test the importance of models of behavior characterized by imitation of succesful behavior. We find that the players appear to the rather reluctant to imitate.

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File URL: http://www.econ.upf.edu/docs/papers/downloads/269.pdf
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Bibliographic Info

Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 269.

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Date of creation: Feb 1998
Date of revision: May 1999
Handle: RePEc:upf:upfgen:269

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Web page: http://www.econ.upf.edu/

Related research

Keywords: Oligopoly; cournot; bounded rationality; spite effect; Leex;

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Find related papers by JEL classification:

• C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
• C9 - Mathematical and Quantitative Methods - - Design of Experiments
• D8 - Microeconomics - - Information, Knowledge, and Uncertainty

References

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1. Theo Offerman & Jan Potters & Joep Sonnemans, 1997. "Imitation and Belief Learning in an Oligopoly Experiment," Tinbergen Institute Discussion Papers 97-116/1, Tinbergen Institute.
2. Eichberger, J. & Kelsey, D., 1999. "Uncertainty and Strategic Interaction in Economics," Discussion Papers 99-26, Department of Economics, University of Birmingham.
3. David K Levine, 1997. "Modeling Altruism and Spitefulness in Experiments," Levine's Working Paper Archive 2047, David K. Levine.
   
   • David K. Levine, 1998. "Modeling Altruism and Spitefulness in Experiment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(3), pages 593-622, July.
4. Huw Dixon & Steven Wallis & Scott Moss, . "Axelrod Meets Cournot: Oligopoly and the Evolutionary Metaphor Part 1," Discussion Papers 95/8, Department of Economics, University of York.
5. Palomino, F., 1995. "On the Survival of Strictly Dominated Strategies in Large Populations," UFAE and IAE Working Papers 308.95, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
6. Steffen Huck & Hans-Theo Normann & Joerg Oechssler, 1997. "Learning in Cournot Oligopoly - An Experiment," Game Theory and Information 9707009, EconWPA, revised 22 Jul 1997.
   
   • Huck, Steffen & Normann, Hans-Theo & Oechssler, Jorg, 1999. "Learning in Cournot Oligopoly--An Experiment," Economic Journal, Royal Economic Society, vol. 109(454), pages C80-95, March.
7. Crawford, Vincent, 1998. "A Survey of Experiments on Communication via Cheap Talk," Journal of Economic Theory, Elsevier, vol. 78(2), pages 286-298, February.
8. Sushil Bikhchandani & David Hirshleifer & Ivo Welch, 1998. "Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 151-170, Summer.
9. Banerjee, Abhijit V, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, MIT Press, vol. 107(3), pages 797-817, August.
10. Fernando Vega Redondo, 1996. "The evolution of walrasian behavior," Working Papers. Serie AD 1996-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    
    • Fernando Vega-Redondo, 1997. "The Evolution of Walrasian Behavior," Econometrica, Econometric Society, vol. 65(2), pages 375-384, March.

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