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Cataloged Resource Summary

 

Title

Cournot Quantity Competition Game

Author

Charles Holt

Categories

Industrial Organization
Game Theory
Market Structure

Type

Experiment Software

Description

This program sets up one or more markets in which each person is a seller who chooses a production quantity. This is a Cournot game with linear demand and constant marginal cost. The game can be used to motivate discussion of the Nash/Cournot predictions. There may be tacit collusion with few sellers and fixed matchings, and there may be severe competitive pressures when there are several sellers.

URL

http://veconlab.econ.virginia.edu/cr/cr.php
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