کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
984497 934300 2010 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
What do you want to know? Information acquisition and learning in experimental Cournot games
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
What do you want to know? Information acquisition and learning in experimental Cournot games
چکیده انگلیسی

This paper presents an experiment designed to study firms’ behavior and market dynamics, when information about the market structure and opponents’ actions is difficult to acquire and process. Our experimental software controls the information acquisition process of the subjects. Paying attention not only to what players do, but also to what they know, it is possible to better understand the cognitive processes guiding their choices and, consequently, the impact of the informational structure on their behavior. According to our results, Best-Response Dynamics is the main component of subjects’ learning process. We also find that, when subjects look at the strategies individually adopted by their competitors, they tend to imitate the most successful behavior, which drives the market towards a more competitive outcome.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Research in Economics - Volume 64, Issue 1, March 2010, Pages 1–17
نویسندگان
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