Author: Godfrey Keller
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 32
Book Description
Market Experimentation in a Dynamic Differentiated-goods Duopoly
Author: Godfrey Keller
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 32
Book Description
Market Experimentation in a Dynamic Differentiatied-goods Duopoly
Author: Godfrey Keller
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 32
Book Description
Price Dispersion and Learning in a Dynamic Differentiated-goods Duopoly
Author: Godfrey Keller
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 50
Book Description
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 50
Book Description
Dynamic Duopoly with Learning Through Market Experimentation
Author: Philippe Aghion
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Differentiated Goods in a Dynamic Cournot Duopoly with Emission Charges on Outputs
Author: Ahmad Naimzada
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Oligopoly Pricing
Author: Xavier Vives
Publisher: MIT Press (MA)
ISBN: 9780262220606
Category : Business & Economics
Languages : en
Pages : 446
Book Description
Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.
Publisher: MIT Press (MA)
ISBN: 9780262220606
Category : Business & Economics
Languages : en
Pages : 446
Book Description
Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.
Experimental Duopoly Markets with Demand Inertia
Author: Claudia Keser
Publisher: Springer
ISBN: 9783540560906
Category : Business & Economics
Languages : en
Pages : 150
Book Description
This report portrays the results of experimental research on dynamic duopoly markets with demand inertia. Two methods of experimentation are studied: game-playing experiments where subjects interact spontaneously via computer terminals, and computer tournaments between strategies designed by subjects. The principal aim of this study is the understanding of boundedly rational decision making in the dynamic duopoly situation. 1. 1 Motivation The experiments examine a multistage duopoly game where prices in each period are the only decision variables. Sales depend on current prices and also on past sales (demand inertia). Applying the game-theoretic concept of subgame perfect equilibrium, the game is solved by backward induction. The result is a uniquely determined system of decision rules. However, we can hardly expect that human beings behave according to the equilibrium strategy of this game. It is unlikely that subjects are able to compute the equilibrium. And even if a subject is able to compute it, he might not make use of this knowledge. Only if he expects the others to behave according to the equilibrium, it is optimal for him to play the equilibrium strategy. We have evidence from several earlier experimental studies on oligopoly markets that, even in less complex oligopoly situations where the equilibrium solutions are very easy to compute, human behavior often is different from what is prescribed by normative theory. ! Normative theory is based on the concept of ideal rationality. However, human capabilities impose cognitive limits on rationality.
Publisher: Springer
ISBN: 9783540560906
Category : Business & Economics
Languages : en
Pages : 150
Book Description
This report portrays the results of experimental research on dynamic duopoly markets with demand inertia. Two methods of experimentation are studied: game-playing experiments where subjects interact spontaneously via computer terminals, and computer tournaments between strategies designed by subjects. The principal aim of this study is the understanding of boundedly rational decision making in the dynamic duopoly situation. 1. 1 Motivation The experiments examine a multistage duopoly game where prices in each period are the only decision variables. Sales depend on current prices and also on past sales (demand inertia). Applying the game-theoretic concept of subgame perfect equilibrium, the game is solved by backward induction. The result is a uniquely determined system of decision rules. However, we can hardly expect that human beings behave according to the equilibrium strategy of this game. It is unlikely that subjects are able to compute the equilibrium. And even if a subject is able to compute it, he might not make use of this knowledge. Only if he expects the others to behave according to the equilibrium, it is optimal for him to play the equilibrium strategy. We have evidence from several earlier experimental studies on oligopoly markets that, even in less complex oligopoly situations where the equilibrium solutions are very easy to compute, human behavior often is different from what is prescribed by normative theory. ! Normative theory is based on the concept of ideal rationality. However, human capabilities impose cognitive limits on rationality.
Experimentation and Learning in a Differentiated-products Duopoly
Author: Joseph Emmett Harrington
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Book Description
DYNAMIC DUOPOLY WITH LEARNING THROUGT MARKET EXPERIMENTATION
Author: Philippe AGHION
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Entry and Innovation in Vertically Differentiated Markets
Author: Dirk Bergemann
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 58
Book Description
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 58
Book Description