Advance production and Cournot outcomes: an experimental investigation
作者： Douglas D. Davis
DOI: 10.1016/S0167-2681(99)00042-6
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摘要: Abstract An experiment designed to assess the effects of advance-production decisions on posted-offer market performance is reported. Six twelve triopolies were conducted under standard rules. In remaining markets sellers made binding production commitments prior posting prices, an alteration that shifts unique stage-game Nash equilibrium from competitive Cournot outcome. As predicted, raised prices and lowered output. Nevertheless, stable outcomes never observed.
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