A SIMULTANEOUS-MOVE QUANTITY-SETTING IN-CLASS GAME
A SIMULTANEOUS-MOVE QUANTITY-SETTING IN-CLASS GAME
Author(s): DomeNico RaguseoSubject(s): Economy
Published by: Editura Universităţii Vasile Goldiş
Keywords: Experimental Economics; Microeconomics; Game Theory; JEL Classification: A22; D43.
Summary/Abstract: This paper illustrates the results of an experiment where students were made to play quantity-setting game based on the Cournot theory of duopoly. Students, at the end of the experiment, have reported that they have really understood that free rider behavior might harm efficient outcome in market structures where firms can influence the main market variables but not absolutely control them.
Journal: Studia Universitatis Vasile Goldiş, Arad - Seria Ştiinţe Economice
- Issue Year: 19/2009
- Issue No: 1
- Page Range: 414-420
- Page Count: 7
- Language: English