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Part 1: Document Description
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Citation |
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Title: |
Learning in Cournot Oligopoly - An Experiment [Dataset] |
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Identification Number: |
doi:10.11588/data/10012 |
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Distributor: |
heiDATA |
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Date of Distribution: |
2014-07-29 |
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Version: |
1 |
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Bibliographic Citation: |
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, 2014, "Learning in Cournot Oligopoly - An Experiment [Dataset]", https://doi.org/10.11588/data/10012, heiDATA, V1 |
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Citation |
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Title: |
Learning in Cournot Oligopoly - An Experiment [Dataset] |
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Identification Number: |
doi:10.11588/data/10012 |
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Authoring Entity: |
Huck, Steffen |
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Normann, Hans-Theo |
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Oechssler, Jörg (Alfred-Weber-Institute of Economics) |
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Producer: |
Huck, Steffen |
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Normann, Hans-Theo |
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Oechssler, Jörg |
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Distributor: |
heiDATA |
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Distributor: |
HeiDATA: Heidelberg Research Data Repository |
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Access Authority: |
Jörg Oechssler |
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Date of Deposit: |
2014-07-27 |
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Holdings Information: |
https://doi.org/10.11588/data/10012 |
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Study Scope |
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Keywords: |
Social Sciences |
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Abstract: |
This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We 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 behaviour if they have the necessary information, and if they imitate, markets are more competitive. Other subjects follow a best reply process. On the aggregate level we find that more information about demand and cost conditions yields less competitive behaviour, while more information about the quantities and profits of other firms yields more competitive behaviour. |
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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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Other Study Description Materials |
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Related Publications |
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Citation |
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Title: |
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, "Learning in Cournot Oligopoly - An Experiment", Economic Journal, 109 (1999), C80-C95. |
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Bibliographic Citation: |
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, "Learning in Cournot Oligopoly - An Experiment", Economic Journal, 109 (1999), C80-C95. |
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Label: |
data EJ 1999 HNO.xlsx |
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Text: |
This file is only for internal use. |
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Notes: |
application/octet-stream |
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Label: |
LZA.tar.gz |
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Text: | |
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Notes: |
application/x-gzip |