Logo
Munich Personal RePEc Archive

Cournot or Stackelberg Competition? A Survey of Experimental Research

Hildenbrand, Andreas (2010): Cournot or Stackelberg Competition? A Survey of Experimental Research.

This is the latest version of this item.

[thumbnail of MPRA_paper_26845.pdf]
Preview
PDF
MPRA_paper_26845.pdf

Download (191kB) | Preview

Abstract

In this paper, I survey experimental studies on duopolistic quantity competition with homogeneous products and duopolistic price competition with heterogeneous products. The focus is on the papers in which the sequence of competition is endogenous. Experimental studies checking Cournot competition against Stackelberg competition act as benchmarks. I find that while Stackelberg equilibrium outcomes are seldom under quantity competition, under price competition, the Stackelberg equilibrium prediction seems to be more appropriate. However, after discussing the experimental setups, I conclude that some methodological problems are present. Moreover, I make recommendations for further research.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.