Cournot competition, contestability, and hit-and-run entry and exit in a teaching experiment
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Cournot competition, contestability, and hit-and-run entry and exit in a teaching experiment. / Gächter, Simon; Thöni, Christian; Tyran, Jean-Robert.
I: Journal of Economic Education, Bind 37, Nr. 4, 2006, s. 418-430.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Cournot competition, contestability, and hit-and-run entry and exit in a teaching experiment
AU - Gächter, Simon
AU - Thöni, Christian
AU - Tyran, Jean-Robert
PY - 2006
Y1 - 2006
N2 - Instructors can use a computerized experiment to introduce students to imperfect competition in courses on introductory economics, industrial organization, game theory, and strategy and management. In addition to introducing students to strategic thinking in general, the experiment serves to demonstrate that profits of a firm fall as the number of competitors is increased in a market and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy and management as well as in master of business administration courses with great success
AB - Instructors can use a computerized experiment to introduce students to imperfect competition in courses on introductory economics, industrial organization, game theory, and strategy and management. In addition to introducing students to strategic thinking in general, the experiment serves to demonstrate that profits of a firm fall as the number of competitors is increased in a market and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy and management as well as in master of business administration courses with great success
M3 - Journal article
VL - 37
SP - 418
EP - 430
JO - Journal of Economic Education
JF - Journal of Economic Education
SN - 0022-0485
IS - 4
ER -
ID: 314147