Nagel, Rosemarie; Vriend, Nicolaas J.. An Experimental Study of Adaptive Behavior in an Oligopolistic Market Game. 2005
http://hdl.handle.net/10230/302
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Title:
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An Experimental Study of Adaptive Behavior in an Oligopolistic Market Game |
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Author:
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Nagel, Rosemarie; Vriend, Nicolaas J.
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Other authors:
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Universitat Pompeu Fabra. Departament d'Economia i Empresa
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Abstract:
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We consider an oligopolistic market game, in which the players are competing firm in the same market of a homogeneous consumption good. The consumer side is represented by a fixed demand function. The firms decide how much to produce of a perishable consumption good, and they decide upon a number of information signals to be sent into the population in order to attract customers. Due to the minimal information provided, the players do not have a well--specified model of their environment. Our main objective is to characterize the adaptive behavior of the players in such a situation.
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Document type:
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Working paper
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Date:
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2005 |
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Rights:
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