An experimental study of coordination and learning in iterated two-market entry games (Q5928264)

The authors study tacit coordination in large groups in an iterated market entry game with complete information and multiple market capacities that are varied randomly from period to period. On each period, each player must decide independently whether to enter any of the markets, and if entering, which of the two markets to enter. With experience, the decisions of most players converge to decision rules on the two markets.