Imitation and Belief Learning in an Oligopoly Experiment
通过三寡头产量设定实验,检验了模仿成功企业、跟随模范企业和信念学习三种行为规则对市场结果的影响,发现实验结果与理论预测基本一致。
We examine the force of three types of behavioural dynamics in quantity-setting triopoly experiments: (1) mimicking the successful firm, (2) rules based on following the exemplary firm, and (3) rules based on belief learning. Theoretically, these three types of rules lead to the competitive, the collusive, and the Cournot—Nash outcome, respectively. In the experiment we employ three information treatments, each of which is hypothesized to be conducive to the force of one of the three dynamic rules. To a large extent, the results are consistent with the hypothesized relationships between treatments, behavioural rules, and outcomes. Copyright 2002, Wiley-Blackwell.