Deposit Date: 2014
Author Name: Huck, Steffen
Keyword Term: Cournot oligopoly
Keyword Term: experiments
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Jul 30, 2014 - AWI Experimental Economics
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, 2014, "Stability of the Cournot Process - Experimental Evidence [Dataset]", https://doi.org/10.11588/data/10014, heiDATA, V1
We report results of experiments designed to test the predictions of the best-reply process. In a Cournot oligopoly with four firms, the best-reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such ins... |