Paper #269
- Title:
- Imitation of succesful behavior in Cournot markets
- Authors:
- Antoni Bosch-Domènech and Nicolaas J. Vriend
- Date:
- February 1998 (Revised: May 1999)
- 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
- JEL codes:
- C7, C9, D8
- Area of Research:
- Microeconomics
- Published in:
- Economic Journal, 113, pp. 495-524, 2003
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