Arbeitspapier
Through Trial & Error to Collusion - The Discrete Case
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any knowledge of the payoff functions players increase, respectively decrease, their quantity by one unit as long as this leads to higher profits. We show that despite the absence of any coordination or punishing device this process converges to a collusive outcome.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bonn Econ Discussion Papers ; No. 6/2000
- Klassifikation
-
Wirtschaft
Noncooperative Games
Oligopoly and Other Imperfect Markets
- Thema
-
learning
Cournot oligopoly
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Huck, Steffen
Normann, Hans-Theo
Oechssler, Jörg
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Bonn, Bonn Graduate School of Economics (BGSE)
- (wo)
-
Bonn
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Huck, Steffen
- Normann, Hans-Theo
- Oechssler, Jörg
- University of Bonn, Bonn Graduate School of Economics (BGSE)
Entstanden
- 2000
Ähnliche Objekte (12)
Through trial & error to collusion
Merger and collusion in contests
Merger and collusion in contests
On the profitability of collusion in location games
On the profitability of collusion in location games
On the profitability of collusion in location games
Stackelberg beats Cournot: On collusion and efficiency in experimental markets
What Behavioural Economics must learn from the coronavirus crisis
Von Seerosen, dem Coronavirus und guten Entscheidungen
Matching donations without crowding out? Some theoretical considerations and a field experiment
Auch die Verhaltensökonomie muss aus der Corona-Krise lernen
From imitation to collusion: Long-run learning in a low-information environment
Through trial & error to collusion
Merger and collusion in contests
Merger and collusion in contests
On the profitability of collusion in location games
On the profitability of collusion in location games
On the profitability of collusion in location games
Stackelberg beats Cournot: On collusion and efficiency in experimental markets
What Behavioural Economics must learn from the coronavirus crisis
Von Seerosen, dem Coronavirus und guten Entscheidungen
Matching donations without crowding out? Some theoretical considerations and a field experiment
Auch die Verhaltensökonomie muss aus der Corona-Krise lernen
From imitation to collusion: Long-run learning in a low-information environment
Through trial & error to collusion
Merger and collusion in contests
Merger and collusion in contests
On the profitability of collusion in location games
On the profitability of collusion in location games
On the profitability of collusion in location games
Stackelberg beats Cournot: On collusion and efficiency in experimental markets
What Behavioural Economics must learn from the coronavirus crisis
Von Seerosen, dem Coronavirus und guten Entscheidungen
Matching donations without crowding out? Some theoretical considerations and a field experiment
Auch die Verhaltensökonomie muss aus der Corona-Krise lernen