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Experimental Duopoly Markets with Demand Inertia Game-Playing Experimentals and the Strategy Method

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ISBN-10: 3540560904

ISBN-13: 9783540560906

Edition: 1992

Authors: Claudia Keser

List price: $74.99
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This experimental study examines both spontaneous andstrategically planned behavior of boundedly rational sub-jects in a dynamic duopoly situation. Spontaneous behavioris observed in game-playing experiments where students fromthe University of Bonn have played the dynamic duopoly gameby direct interaction via computer terminals. Strategicallyplanned behavior isrevealed in strategies developed byforty-five academic economists from 12 countries. Thesestrategies are played against each other in computersimulations. The most striking observation in both types ofexamination is the coexistence of cooperation andcompetition. Short-run monopoly pricing emerges as theprevailing mode of cooperation…    
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Book details

List price: $74.99
Copyright year: 1992
Publisher: Springer Berlin / Heidelberg
Publication date: 12/17/1992
Binding: Paperback
Pages: 150
Size: 6.69" wide x 9.61" long
Weight: 0.660