“A profit table or a profit calculator?” A note on the design of Cournot oligopoly experiments.

Requate, Till and Waichman, Israel (2011) “A profit table or a profit calculator?” A note on the design of Cournot oligopoly experiments. Experimental Economics, 14 (1). pp. 36-46. DOI 10.1007/s10683-010-9256-2.

Full text not available from this repository.

Supplementary data:

Abstract

We report on an experiment conducted to evaluate the effects of varying the way in which market information is presented to participants in laboratory Cournot duopolies. We find that the most standard variations, which are the use of a profit table or a profit calculator, yield indistinguishable performance. However, the addition of a best-response option to the profit calculator tends to increase aggregate output to the Cournot level and decrease the incidence of tacit collusion.

Document Type: Article
Research affiliation: Kiel University
Kiel University > Kiel Marine Science
OceanRep > The Future Ocean - Cluster of Excellence
Refereed: Yes
Open Access Journal?: No
DOI etc.: 10.1007/s10683-010-9256-2
ISSN: 1386-4157
Projects: Future Ocean
Date Deposited: 01 Mar 2018 13:24
Last Modified: 23 Sep 2019 23:27
URI: http://oceanrep.geomar.de/id/eprint/42084

Actions (login required)

View Item View Item