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Stability of the Cournot Process - Experimental Evidence [Dataset]
- heidata.uni-heidelberg.de
application/x-gzip +1Updated Apr 6, 2017
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EmailClick to copy linkLink copiedCiteSteffen Huck; Hans-Theo Normann; Jörg Oechssler; Steffen Huck; Hans-Theo Normann; Jörg Oechssler (2017). Stability of the Cournot Process - Experimental Evidence [Dataset] [Dataset]. http://doi.org/10.11588/DATA/10014bin(29112), application/x-gzip(172486)Available download formatsUnique identifierhttps://doi.org/10.11588/DATA/10014Dataset updatedApr 6, 2017Dataset provided byheiDATAAuthorsSteffen Huck; Hans-Theo Normann; Jörg Oechssler; Steffen Huck; Hans-Theo Normann; Jörg OechsslerLicensehttps://heidata.uni-heidelberg.de/api/datasets/:persistentId/versions/1.1/customlicense?persistentId=doi:10.11588/DATA/10014https://heidata.uni-heidelberg.de/api/datasets/:persistentId/versions/1.1/customlicense?persistentId=doi:10.11588/DATA/10014
Area coveredGermanyDescriptionWe report results of experiments designed to test the predictions of the best-reply process. In a Cournot oligopoly with four firms, the best-reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such instability. Moreover, we find no differences between a market which theoretically should not converge to Nash equilibrium and one which should converge because of inertia. We investigate the power of several learning dynamics to explain this unpredicted stability.
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Stability of the Cournot Process - Experimental Evidence [Dataset] - Dataset...
- b2find.eudat.eu
Updated Feb 6, 2025ShareFacebookTwitterEmailClick to copy linkLink copiedCite(2025). Stability of the Cournot Process - Experimental Evidence [Dataset] - Dataset - B2FIND [Dataset]. https://b2find.eudat.eu/dataset/094032db-a17a-54a9-add9-98704679a5f0Dataset updatedFeb 6, 2025DescriptionWe report results of experiments designed to test the predictions of the best-reply process. In a Cournot oligopoly with four firms, the best-reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such instability. Moreover, we find no differences between a market which theoretically should not converge to Nash equilibrium and one which should converge because of inertia. We investigate the power of several learning dynamics to explain this unpredicted stability.
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FacebookTwitterEmailhttps://heidata.uni-heidelberg.de/api/datasets/:persistentId/versions/1.1/customlicense?persistentId=doi:10.11588/DATA/10014https://heidata.uni-heidelberg.de/api/datasets/:persistentId/versions/1.1/customlicense?persistentId=doi:10.11588/DATA/10014
We report results of experiments designed to test the predictions of the best-reply process. In a Cournot oligopoly with four firms, the best-reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such instability. Moreover, we find no differences between a market which theoretically should not converge to Nash equilibrium and one which should converge because of inertia. We investigate the power of several learning dynamics to explain this unpredicted stability.