Hotelling revisits the lab: equilibration in continuous and discrete time

@article{Kephart2015HotellingRT,
  title={Hotelling revisits the lab: equilibration in continuous and discrete time},
  author={C. Kephart and D. Friedman},
  journal={Journal of the Economic Science Association},
  year={2015},
  volume={1},
  pages={132-145}
}
  • C. Kephart, D. Friedman
  • Published 2015
  • Engineering
  • Journal of the Economic Science Association
  • We investigate experimentally the impact of continuous time on a four-player Hotelling location game. The static pure strategy Nash equilibrium (NE) consists of firms paired-up at the first and third quartiles of the linear city. In a repeated simultaneous move (discrete time) treatment, we largely replicate previous findings in which subjects fail to converge to the NE. However, in asynchronous move (continuous time) treatments we see clear convergence towards the NE. 
    9 Citations
    Oligopoly Competition in Continuous Time
    • 4
    • Highly Influenced
    Coordination Games in Continuous Time
    Interaction effects between consumer information and firms' decision rules in a duopoly: how cognitive features can impact market dynamics
    • Highly Influenced
    • PDF
    That's How We Roll: An Experiment on Rollover Risk
    • 5
    • PDF
    An express mode of urban bus systems
    • Fangyue Deng, Jianan Zhu
    • Computer Science
    • 2020 IEEE 23rd International Conference on Intelligent Transportation Systems (ITSC)
    • 2020