Two are Few and Four are Many: Number Effects in Experimental Oligopoly [Dataset] (ICPSR doi:10.11588/data/10017)

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Part 1: Document Description
Part 2: Study Description
Part 3: Data Files Description
Part 4: Variable Description
Part 5: Other Study-Related Materials
Entire Codebook

Document Description

Citation

Title:

Two are Few and Four are Many: Number Effects in Experimental Oligopoly [Dataset]

Identification Number:

doi:10.11588/data/10017

Distributor:

heiDATA

Date of Distribution:

2014-07-31

Version:

1

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]

Study Description

Citation

Title:

Two are Few and Four are Many: Number Effects in Experimental Oligopoly [Dataset]

Identification Number:

doi:10.11588/data/10017

Authoring Entity:

Huck, Steffen

Normann, Hans-Theo

Oechssler, Jörg (Alfred-Weber-Institute of Economics)

Producer:

Huck, Steffen

Normann, Hans-Theo

Oechssler, Jörg

Distributor:

heiDATA

Date of Distribution:

2014-07-31

Study Scope

Keywords:

Social Sciences, Cournot oligopoly, Experiments, Collusion

Topic Classification:

L13, C92, C72

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.

Country:

Germany

Geographic Coverage:

Germany

Universe:

Students

Methodology and Processing

File Description--f229

File: data two are few.tab

  • Number of cases: 629

  • No. of variables per record: 24

  • Type of File: text/tab-separated-values

Notes:

UNF:5:ZO79Xsj/X7piQu3p8pQheg==

Variable Description

List of Variables:

Variables

TREATM

f229 Location:

Variable Format: numeric

Notes: UNF:5:6hkaAtRiAJ8n0rI0Rs7ZfA==

PERIOD

f229 Location:

Variable Format: numeric

Notes: UNF:5:ixkOfX6SFtzcFMJcks0ddA==

GROUP

f229 Location:

Variable Format: numeric

Notes: UNF:5:/0pxrEZA/JAaYS5VCmPk0g==

Q1

f229 Location:

Variable Format: numeric

Notes: UNF:5:wWJ2ydKmxd6KrSsjlAoqqQ==

Q2

f229 Location:

Variable Format: numeric

Notes: UNF:5:tWdLkYQaj8R+VqFgwLrJ6w==

Q3

f229 Location:

Variable Format: numeric

Notes: UNF:5:sNy1y4kLBkDQ54azWK8yDg==

Q4

f229 Location:

Variable Format: numeric

Notes: UNF:5:oayqtBscrPcoMQR1TfMwKw==

Q5

f229 Location:

Variable Format: numeric

Notes: UNF:5:EwzLOqHMjZY1OjOwNlKBDg==

total quantity

f229 Location:

Variable Format: numeric

Notes: UNF:5:Q6nLjYCe2ASA4C+x2ozGtw==

J

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

K

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

L

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

M

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

N

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

O

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

P

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

Q

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

R

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

S

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

T

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

U

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

V

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

W

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

X

f229 Location:

Variable Format: numeric

Notes: UNF:5:5sVluCv16iuG3A0FBh+jWQ==

Other Study-Related Materials

Label:

data two are few.xlsx

Text:

OpenXML - Spreadsheet format

Notes:

application/octet-stream

Other Study-Related Materials

Label:

LZA.tar.gz

Text:

This file is for internal use only.

Notes:

application/x-gzip