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Part 1: Document Description
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Citation |
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Title: |
Two are Few and Four are Many: Number Effects in Experimental Oligopoly [Dataset] |
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Identification Number: |
doi:10.11588/data/10017 |
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Distributor: |
heiDATA |
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Date of Distribution: |
2014-07-31 |
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Version: |
1 |
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Bibliographic Citation: |
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, 2014, "Two are Few and Four are Many: Number Effects in Experimental Oligopoly [Dataset]", https://doi.org/10.11588/data/10017, heiDATA, V1, UNF:5:ZO79Xsj/X7piQu3p8pQheg== [fileUNF] |
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Citation |
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Title: |
Two are Few and Four are Many: Number Effects in Experimental Oligopoly [Dataset] |
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Identification Number: |
doi:10.11588/data/10017 |
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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: |
Oechssler, Jörg |
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Date of Deposit: |
2014-07-30 |
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Holdings Information: |
https://doi.org/10.11588/data/10017 |
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Study Scope |
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Keywords: |
Social Sciences, Cournot oligopoly, Experiments, Collusion |
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Topic Classification: |
L13, C92, C72 |
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Abstract: |
In this paper we investigate how the competitiveness of Cournot markets varies with the number of firms in an industry. We review previous Cournot experiments in the literature. Additionally, we conduct a new series of experiments studying oligopolies with two, three, four, and five firms in a unified frame. With two firms we find some collusion. Three-firm oligopolies tend to produce outputs at the Nash level. Markets with four or five firms are never collusive and typically settle at or above the Cournot outcome. Some of those markets are actually quite competitive with outputs close to the Walrasian outcome. |
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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, "Two are Few and Four are Many: Number Effects in Experimental Oligopoly", Journal of Economic Behavior and Organization 53 (2004), 435-446. |
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Identification Number: |
10.1016/j.jebo.2002.10.002 |
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Bibliographic Citation: |
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, "Two are Few and Four are Many: Number Effects in Experimental Oligopoly", Journal of Economic Behavior and Organization 53 (2004), 435-446. |
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File Description--f229 |
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File: data two are few.tab |
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Notes: |
UNF:5:ZO79Xsj/X7piQu3p8pQheg== |
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Label: |
data two are few.xlsx |
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Text: |
OpenXML - Spreadsheet format |
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Notes: |
application/octet-stream |
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Label: |
LZA.tar.gz |
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Text: |
This file is for internal use only. |
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Notes: |
application/x-gzip |