English   español  
Por favor, use este identificador para citar o enlazar a este item: http://hdl.handle.net/10261/1878
Compartir / Impacto:
Estadísticas
Add this article to your Mendeley library MendeleyBASE
Ver citas en Google académico
Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL
Exportar otros formatos: Exportar EndNote (RIS)Exportar EndNote (RIS)Exportar EndNote (RIS)
Título : 24
Autor : Abbink, Klaus; Brandts, Jordi
Palabras clave : Laboratory experiments
Industrial organisation
Oligopoly
Price competition
Co-ordination games
Learning
Fecha de publicación : 1-jul-2002
Serie : UFAE and IAE Working Papers
523.02
Resumen: We study the relation between the number of firms and market power in experimental oligopolies. Price competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We present results of an experiment in which two, three and four identical firms repeatedly interact in this environment. Less collusion with more firms leads to lower average prices. With more than two firms, the predominant market price is 24. A simple imitation model captures this phenomenon. For the long run, the model predicts that prices converge to the Walrasian outcome, but for the intermediate term the modal price is 24
Descripción : Trabajo publicado en Games and Economic Behavior 63(1): 1- 31 (2008) con el titulo 24. Pricing in Bertrand competition with increasing marginal costs.-- http://dx.doi.org/10.1016/j.geb.2007.09.007
URI : http://hdl.handle.net/10261/1878
Aparece en las colecciones: (IAE) Informes y documentos de trabajo
Ficheros en este ítem:
Fichero Descripción Tamaño Formato  
52302.pdf476 kBAdobe PDFVista previa
Visualizar/Abrir
Mostrar el registro completo
 


NOTA: Los ítems de Digital.CSIC están protegidos por copyright, con todos los derechos reservados, a menos que se indique lo contrario.