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Experimental Duopoly Markets with Demand Inertia
Claudia Keser
€ 65.98
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Description for Experimental Duopoly Markets with Demand Inertia
Paperback. This experimental study examines both spontaneous and strategically planned behaviour of boundedly rational subjects in a dynamics duopoly situation. It demonstrates how the most striking observation in both types of examination is the co-existence of co-operation and competition. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 160 pages, biography. BIC Classification: KCA; KCC; KN. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 244 x 170 x 9. Weight in Grams: 301.
This report portrays the results of experimental research on dynamic duopoly markets with demand inertia. Two methods of experimentation are studied: game-playing experiments where subjects interact spontaneously via computer terminals, and computer tournaments between strategies designed by subjects. The principal aim of this study is the understanding of boundedly rational decision making in the dynamic duopoly situation. 1. 1 Motivation The experiments examine a multistage duopoly game where prices in each period are the only decision variables. Sales depend on current prices and also on past sales (demand inertia). Applying the game-theoretic concept of subgame perfect equilibrium, the game is ... Read more
This report portrays the results of experimental research on dynamic duopoly markets with demand inertia. Two methods of experimentation are studied: game-playing experiments where subjects interact spontaneously via computer terminals, and computer tournaments between strategies designed by subjects. The principal aim of this study is the understanding of boundedly rational decision making in the dynamic duopoly situation. 1. 1 Motivation The experiments examine a multistage duopoly game where prices in each period are the only decision variables. Sales depend on current prices and also on past sales (demand inertia). Applying the game-theoretic concept of subgame perfect equilibrium, the game is ... Read more
Product Details
Format
Paperback
Publication date
1992
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
160
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
150
Place of Publication
Berlin, Germany
ISBN
9783540560906
SKU
V9783540560906
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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