Competitive behavior in market games: evidence and theory

DOI10.1016/J.JET.2011.05.013zbMATH Open1247.91014OpenAlexW2118582316MaRDI QIDQ634514FDOQ634514

Authors: John Duffy, Alexander Matros, Ted Temzelides 

Publication date: 16 August 2011

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://eprints.lancs.ac.uk/id/eprint/60737/1/john_dmt090306.pdf

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zbMATH Keywords

competitionexperimental economicsevolutionary stabilitymarket gamesmarket powerfull Nash equilibrium

Mathematics Subject Classification ID

Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26) Noncooperative games (91A10) Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

• Title not available (Why is that?)
• Liquid markets and competition
• Retrading in market games.
• Bargaining and Competition Part I: Characterization
• The Evolution of Walrasian Behavior
• Inefficiency of Nash Equilibria
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• A theory of money and financial institutions. 28. The noncooperative equilibria of a closed trading economy with market supply and bidding strategles
• Approximate Efficiency of Non-Walrasian Nash Equilibria
• The market game: Existence and structure of equilibrium
• A closed economic system with production and exchange modelled as a game of strategy
• Title not available (Why is that?)

Cited In (14)

• Title not available (Why is that?)
• Nash equilibrium in evolutionary competitive models of firms and workers under external regulation
• Pure strategy equilibria in symmetric two-player zero-sum games
• Decentralized pricing and the equivalence between Nash and Walrasian equilibrium
• The management game SINTO-Market -- report on some recent experiments
• An experiment on the efficiency of bilateral exchange under incomplete markets
• Competition and personality in a restaurant entry game
• The competitive market paradox
• The theory of contests: a survey
• Price competition between teams
• Competitive outcomes and the inner core of NTU market games
• Self-reinforcing market dominance
• An introduction to perfect and imperfect competition via bilateral oligopoly
• Learning competitive equilibrium in laboratory exchange economies

Uses Software

• Z-Tree

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