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Daniel Cracau and Benjamin Franz
''An experimental test of the mixed strategy equilibrium in price-quantity oligopolies''
( 2014, Vol. 34 No.3 )
We experimentally study price-quantity competitions in duopoly and triopoly markets and compare the results with the respective mixed strategy equilibria. The equilibrium does not predict experimental outcomes adequately, but we find indications for a reactive strategy in the experiments.
Keywords: Price-Quantity Competition, Mixed Strategy Equilibrium, Experimental Economics
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
D4 - Market Structure and Pricing: General
Manuscript Received : May 05 2014 Manuscript Accepted : Jul 08 2014

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