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| Daniel Cracau and Benjamin Franz |
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| ''An experimental test of the mixed strategy equilibrium in price-quantity oligopolies'' |
| ( 2014, Vol. 34 No.3 ) |
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| 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. |
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| 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 |
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| Manuscript Received : May 05 2014 | | Manuscript Accepted : Jul 08 2014 |
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