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Two are few and four are many: number effects in experimental oligopolies
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Learning in Cournot Oligopoly - An Experiment
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…
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More Order with Less Law: On Contract Enforcement, Trust and Crowding
Most contracts, whether between voters and politicians or between house owners and contractors, are incomplete. “More law,” it typically is assumed, increases the likelihood of contract performance…
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Matched Fundraising: Evidence from a Natural Field Experiment
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Stackelberg Beats Cournot: On Collusion and Efficiency in Experimental Markets
We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. We implement both a random matching and a fixed-pairs version for each market.…
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Imitation - Theory and Experimental Evidence
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Behavioral Economics as Applied to Firms: A Primer
We discuss the literatures on behavioral economics, bounded rationality and experimental economics as they apply to firm behaviour in markets. Topics discussed include the impact of imitative and…
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Does information about competitors' actions increase or decrease competition in experimental oligopoly markets?
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Playing Cournot although they shouldn’t
Summary.In this note, we experimentally investigate the extended game with action commitment in a Cournot duopoly with asymmetric cost. Risk dominance considerations allow to select a unique…
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The Relevance of Equal Splits in Ultimatum Games
TLDR
A slightly altered version of the mini ultimatum game of G. E. Bolton and R. Zwick is presented, finding a significant change in behavior: Fair offers occur less often when equal splits are replaced by nearly equal splits.
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