This paper studies imitation in price and quantity markets. We analyse the results of two experiments designed with different information settings. The analysis shows that information is used differently and has diverse effects according to the market under investigation.
Are Imitative Strategies Game Specific? Experimental Evidence from Market Games
O'HIGGINS, Shane Niall;
2006-01-01
Abstract
This paper studies imitation in price and quantity markets. We analyse the results of two experiments designed with different information settings. The analysis shows that information is used differently and has diverse effects according to the market under investigation.File in questo prodotto:
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