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Cataloged Resource Summary

 

Title

Market Entry Game

Author

Charles Holt

Categories

Industrial Organization
Game Theory

Type

Experiment Software

Description

This program sets up a multi-person game in which each person chooses whether or not to enter a market. The payoff for all people who enter is a decreasing function of the number of entrants, and the payoff for not entering is a constant. The incentives are typically such that each person would prefer to enter if the others are unlikely to do so, and would prefer to stay out if the others are likely to enter.

URL

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