An experimental test of the mixed strategy equilibrium in price-quantity oligopolies

Daniel Cracau and Benjamin Franz ()
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Benjamin Franz: University of Oxford

Economics Bulletin, 2014, vol. 34, issue 3, 1369-1380

Abstract: We experimentally study price-quantity competitions in duopoly and triopoly markets and compare the results with the respective mixed strategy equilibria. The equilibrium does not predict experimental outcomes adequately, but we find indications for a reactive strategy in the experiments.

Keywords: Price-Quantity Competition; Mixed Strategy Equilibrium; Experimental Economics (search for similar items in EconPapers)
JEL-codes: D4 L1 (search for similar items in EconPapers)
Date: 2014-07-08
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Citations: View citations in EconPapers (1)

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