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Imitation of succesful behavior in Cournot markets

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Abstract

In an experimental standard Cournot Oligopoly we test the importance of models of behavior characterized by imitation of succesful behavior. We find that the players appear to the rather reluctant to imitate.

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  • Antoni Bosch-Domènech & Nicolaas J. Vriend, 1998. "Imitation of succesful behavior in Cournot markets," Economics Working Papers 269, Department of Economics and Business, Universitat Pompeu Fabra, revised May 1999.
    • Handle: RePEc:upf:upfgen:269
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    More about this item

    Keywords

    Oligopoly; cournot; bounded rationality; spite effect; Leex;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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