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 |
