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Part 1: Document Description
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Citation |
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Title: |
From imitation to collusion: a replication [Dataset] |
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Identification Number: |
doi:10.11588/data/10075 |
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Distributor: |
heiDATA |
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Date of Distribution: |
2016-05-30 |
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Version: |
2 |
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Bibliographic Citation: |
Oechssler, Jörg; Roomets, Alex; Roth, Stefan, 2016, "From imitation to collusion: a replication [Dataset]", https://doi.org/10.11588/data/10075, heiDATA, V2, UNF:5:qSzzvlOu2rl8/AR8TIBEEQ== [fileUNF] |
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Citation |
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Title: |
From imitation to collusion: a replication [Dataset] |
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Identification Number: |
doi:10.11588/data/10075 |
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Authoring Entity: |
Oechssler, Jörg (Alfred-Weber-Institute of Economics) |
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Roomets, Alex (Alfred-Weber-Institute of Economics) |
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Roth, Stefan (Alfred-Weber-Institute of Economics) |
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Producer: |
Oechssler, Jörg |
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Roomets, Alex |
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Roth, Stefan |
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Distributor: |
heiDATA |
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Distributor: |
heiDATA: Heidelberg Research Data Repository |
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Access Authority: |
Jörg Oecchssler |
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Date of Deposit: |
2016-05-30 |
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Holdings Information: |
https://doi.org/10.11588/data/10075 |
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Study Scope |
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Keywords: |
Social Sciences, Imitation, Experiment, Cournot oligopoly, Walrasian outcome |
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Topic Classification: |
C91, C72, D74 |
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Abstract: |
In oligopoly, imitating the most successful competitor yields very competitive outcomes. This theoretical prediction has been confirmed experimentally by a number of studies. A recent paper by Friedman et al. (J Econ Theory 155:185–205, 2015) qualifies those results in an interesting way: While they replicate the very competitive results for the first 25–50 periods, they show that when using a much longer time horizon of 1200 periods, results slowly turn to more and more collusive outcomes. We replicate their result for duopolies. However, with 4 firms, none of our oligopolies becomes permanently collusive. Instead, the average quantity always stays above the Cournot–Nash equilibrium quantity. Thus, it seems that ‘‘four remain many’’ even with 1200 periods. |
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Country: |
Germany |
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Geographic Coverage: |
Germany |
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Universe: |
Students |
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Methodology and Processing |
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Sources Statement |
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Data Access |
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Citation Requirement: |
Please cite. |
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Other Study Description Materials |
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Related Publications |
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Citation |
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Title: |
Oechssler, Jörg; Roomets, Alex; Roth, Stefan, "From imitation to collusion: a replication", Journal of the Economics Science Association (2016) 2:13–21. |
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Identification Number: |
10.1007/s40881-015-0019-x |
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Bibliographic Citation: |
Oechssler, Jörg; Roomets, Alex; Roth, Stefan, "From imitation to collusion: a replication", Journal of the Economics Science Association (2016) 2:13–21. |
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File Description--f642 |
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File: Cournot1200 stata12.tab |
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Notes: |
UNF:5:qSzzvlOu2rl8/AR8TIBEEQ== |
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List of Variables: | |||||||||||||
Variables |
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f642 Location: |
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Label: |
Cournot1200.dta |
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Text: |
Stata version 13 |
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Notes: |
application/x-stata |
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Label: |
Cournot1200.xlsx |
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Text: |
Excel format |
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Notes: |
application/octet-stream |