Matches in SemOpenAlex for { <https://semopenalex.org/work/W1523686384> ?p ?o ?g. }
Showing items 1 to 95 of
95
with 100 items per page.
- W1523686384 abstract "In this paper we provide an experimental test of a dynamic Bertrand duopolistic model, where firms move sequentially and their informational setting varies across different designs. Our experiment is composed of three treatments. In the first treatment, subjects receive information only on the costs and demand parameters and on the price choices of their opponent in the market in which they are positioned (matching is fixed); in the second and third treatments, subjects are also informed on the behaviour of players who are not directly operating in their market. Our aim is to study whether the individual behaviour and the process of equilibrium convergence are affected by the specific informational setting adopted. In all treatments we selected students who had previously studied market games and industrial organization, conjecturing that the specific participants expertise decreased the chances of imitation in treatment II and III. However, our results prove the opposite: the extra information provided in treatment II and III strongly affects the long run convergence to the market equilibrium. In fact, whilst in the first session, a high proportion of markets converge to the Nash-Bertrand symmetric solution, we observe that a high proportion of markets converge to more collusive outcomes in treatment II and more competitive outcomes in treatment III. By the same token, players profits significantly differ in three settings. An interesting point of our analysis relates to the assessment of the individual behavioural rules in the second and third treatments. When information on the behaviour of participants on uncorrelated markets is provided, players begin to adopt mixed behavioural rules, in the sense that they follow myopic best reply rules as long as their profits are in line with the average profits on all markets, and , when their gains fall below that threshold, they start imitating successful strategies adopted on other markets." @default.
- W1523686384 created "2016-06-24" @default.
- W1523686384 creator A5001304287 @default.
- W1523686384 creator A5030391423 @default.
- W1523686384 creator A5065117414 @default.
- W1523686384 date "2010-05-01" @default.
- W1523686384 modified "2023-09-28" @default.
- W1523686384 title "Second Mover Advantage and Bertrand Dynamic Competition: An Experiment" @default.
- W1523686384 cites W1966144537 @default.
- W1523686384 cites W2013271236 @default.
- W1523686384 cites W2017277097 @default.
- W1523686384 cites W2047438863 @default.
- W1523686384 cites W2082854315 @default.
- W1523686384 cites W2084152995 @default.
- W1523686384 cites W2123225435 @default.
- W1523686384 cites W2140358218 @default.
- W1523686384 cites W2169801145 @default.
- W1523686384 cites W2797345588 @default.
- W1523686384 cites W5086244 @default.
- W1523686384 cites W78840727 @default.
- W1523686384 cites W2059444650 @default.
- W1523686384 cites W3124722089 @default.
- W1523686384 hasPublicationYear "2010" @default.
- W1523686384 type Work @default.
- W1523686384 sameAs 1523686384 @default.
- W1523686384 citedByCount "1" @default.
- W1523686384 crossrefType "posted-content" @default.
- W1523686384 hasAuthorship W1523686384A5001304287 @default.
- W1523686384 hasAuthorship W1523686384A5030391423 @default.
- W1523686384 hasAuthorship W1523686384A5065117414 @default.
- W1523686384 hasConcept C105795698 @default.
- W1523686384 hasConcept C121398111 @default.
- W1523686384 hasConcept C126388530 @default.
- W1523686384 hasConcept C142470991 @default.
- W1523686384 hasConcept C15744967 @default.
- W1523686384 hasConcept C162324750 @default.
- W1523686384 hasConcept C165064840 @default.
- W1523686384 hasConcept C16520705 @default.
- W1523686384 hasConcept C175444787 @default.
- W1523686384 hasConcept C18903297 @default.
- W1523686384 hasConcept C196276664 @default.
- W1523686384 hasConcept C2777303404 @default.
- W1523686384 hasConcept C33923547 @default.
- W1523686384 hasConcept C40700 @default.
- W1523686384 hasConcept C50522688 @default.
- W1523686384 hasConcept C60312476 @default.
- W1523686384 hasConcept C77805123 @default.
- W1523686384 hasConcept C86803240 @default.
- W1523686384 hasConcept C91306197 @default.
- W1523686384 hasConceptScore W1523686384C105795698 @default.
- W1523686384 hasConceptScore W1523686384C121398111 @default.
- W1523686384 hasConceptScore W1523686384C126388530 @default.
- W1523686384 hasConceptScore W1523686384C142470991 @default.
- W1523686384 hasConceptScore W1523686384C15744967 @default.
- W1523686384 hasConceptScore W1523686384C162324750 @default.
- W1523686384 hasConceptScore W1523686384C165064840 @default.
- W1523686384 hasConceptScore W1523686384C16520705 @default.
- W1523686384 hasConceptScore W1523686384C175444787 @default.
- W1523686384 hasConceptScore W1523686384C18903297 @default.
- W1523686384 hasConceptScore W1523686384C196276664 @default.
- W1523686384 hasConceptScore W1523686384C2777303404 @default.
- W1523686384 hasConceptScore W1523686384C33923547 @default.
- W1523686384 hasConceptScore W1523686384C40700 @default.
- W1523686384 hasConceptScore W1523686384C50522688 @default.
- W1523686384 hasConceptScore W1523686384C60312476 @default.
- W1523686384 hasConceptScore W1523686384C77805123 @default.
- W1523686384 hasConceptScore W1523686384C86803240 @default.
- W1523686384 hasConceptScore W1523686384C91306197 @default.
- W1523686384 hasLocation W15236863841 @default.
- W1523686384 hasOpenAccess W1523686384 @default.
- W1523686384 hasPrimaryLocation W15236863841 @default.
- W1523686384 hasRelatedWork W106810638 @default.
- W1523686384 hasRelatedWork W1511861432 @default.
- W1523686384 hasRelatedWork W1528656381 @default.
- W1523686384 hasRelatedWork W1553217599 @default.
- W1523686384 hasRelatedWork W1575732152 @default.
- W1523686384 hasRelatedWork W1596180349 @default.
- W1523686384 hasRelatedWork W1740455994 @default.
- W1523686384 hasRelatedWork W2051154047 @default.
- W1523686384 hasRelatedWork W2077924239 @default.
- W1523686384 hasRelatedWork W2166074384 @default.
- W1523686384 hasRelatedWork W2597028745 @default.
- W1523686384 hasRelatedWork W2806741698 @default.
- W1523686384 hasRelatedWork W2889996908 @default.
- W1523686384 hasRelatedWork W3112181838 @default.
- W1523686384 hasRelatedWork W3121499519 @default.
- W1523686384 hasRelatedWork W3122161846 @default.
- W1523686384 hasRelatedWork W3122492475 @default.
- W1523686384 hasRelatedWork W3124893916 @default.
- W1523686384 hasRelatedWork W852602787 @default.
- W1523686384 hasRelatedWork W2182075450 @default.
- W1523686384 isParatext "false" @default.
- W1523686384 isRetracted "false" @default.
- W1523686384 magId "1523686384" @default.
- W1523686384 workType "article" @default.