Spatial Competition with Three Firms: An Experimental Study

R. Collins and Katerina Sherstyuk

No 631, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: The paper reports the results of an experimental study of the three firm location problem. We compare the subjects' behavior in the experiments with the symmetric mixed strategy Nash equilibrium calculated by Shaked (1982). Overall, the findings are consistent with the equilibrium prediction. However, the subjects' locations were significantly more dispersed than predicted by the theory.

Keywords: NASH EQUILIBRIUM; COMPETITION (search for similar items in EconPapers)
JEL-codes: C62 R30 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1998
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Journal Article: Spatial Competition with Three Firms: An Experimental Study (2000)
Working Paper: Spatial Competition with Three Firms: An Experimental Study (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:631

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