FACW_ECON_1992_15309142_Mason_Phillips_Nowell.pdf (12.25 MB)
Duopoly Behavior in Asymmetric Markets: An Experimental Evaluation
journal contribution
posted on 2021-11-15, 21:29 authored by Charles F. Mason, Owen R. Phillips, C. NowellExperimental duopolies are analyzed to answer two questions: Are asymmetric duopolies less likely to collude than symmetric duopolies? Is the time it takes to reach an equilibrium affected by asymmetry? In a repeated game where output is the choice, we have data 19 (respectively, 21) subject pairs where both agents are low-cost (respectively, high-cost) and 25 subject pairs where one agent in high-cost and one is low-cost. Subjects make choices for at least 35 periods. Results indicate that asymmetric markets are less cooperative and take longer to reach equilibrium than symmetric markets.
History
ISO
engLanguage
EnglishPublisher
University of Wyoming. LibrariesJournal title
Review of Economics and StatisticsCollection
Faculty Publications - EconomicsDepartment
- Library Sciences - LIBS