Imitation of succesful behavior in Cournot markets
Antoni Bosch-Domènech and
Nicolaas Vriend
Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra
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.
Keywords: Oligopoly; cournot; bounded rationality; spite effect; Leex (search for similar items in EconPapers)
JEL-codes: C7 C9 D8 (search for similar items in EconPapers)
Date: 1998-02, Revised 1999-05
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Citations: View citations in EconPapers (18)
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Related works:
Journal Article: Imitation of successful behaviour in cournot markets (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:269
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