From imitation to collusion: a replication [Dataset]

DOI

In oligopoly, imitating the most successful competitor yields very competitive outcomes. This theoretical prediction has been confirmed experimentally by a number of studies. A recent paper by Friedman et al. (J Econ Theory 155:185–205, 2015) qualifies those results in an interesting way: While they replicate the very competitive results for the first 25–50 periods, they show that when using a much longer time horizon of 1200 periods, results slowly turn to more and more collusive outcomes. We replicate their result for duopolies. However, with 4 firms, none of our oligopolies becomes permanently collusive. Instead, the average quantity always stays above the Cournot–Nash equilibrium quantity. Thus, it seems that ‘‘four remain many’’ even with 1200 periods.

Identifier
DOI https://doi.org/10.11588/data/10075
Related Identifier https://doi.org/10.1007/s40881-015-0019-x
Metadata Access https://heidata.uni-heidelberg.de/oai?verb=GetRecord&metadataPrefix=oai_datacite&identifier=doi:10.11588/data/10075
Provenance
Creator Oechssler, Jörg; Roomets, Alex; Roth, Stefan
Publisher heiDATA
Contributor Jörg Oecchssler; Oechssler, Jörg; Roomets, Alex; Roth, Stefan; heiDATA: Heidelberg Research Data Repository
Publication Year 2016
Rights info:eu-repo/semantics/openAccess
OpenAccess true
Contact Jörg Oecchssler (Alfred-Weber-Institute of Economics)
Representation
Resource Type Dataset
Format application/x-stata; text/tab-separated-values; application/octet-stream
Size 1502041; 2586863; 1690738
Version 2.1
Discipline Agriculture, Forestry, Horticulture, Aquaculture; Agriculture, Forestry, Horticulture, Aquaculture and Veterinary Medicine; Life Sciences; Social Sciences; Social and Behavioural Sciences; Soil Sciences
Spatial Coverage Heidelberg, Germany