Cournot Competition and Hit-and-Run Entry and Exit in a Teaching Experiment
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versione breve
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We describe a computerized experiment which can be used to introduce
students to imperfect competition in courses on introductory
economics, industrial organization, game theory, and strategy &
management. In addition to introducing students to strategic
thinking in general, the experiment serves to demonstrate that firm
profits 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 MBA courses with great success
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tipo
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Journal paper
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parole chiave
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lingua
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English
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kind of paper
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journal article
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data di apparenza
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2006
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giornale
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Journal of Economic Education
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Editore
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Joint Council on Economic Education (New York)
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ISSN
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0022-0485
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edizione del giornale
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37
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numero del giornale
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4
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pagine
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418-430
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review
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double-blind review
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citation
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Gaechter, S., Thöni, C., & Tyran, J. R. (2006). Cournot Competition
and Hit-and-Run Entry and Exit in a Teaching Experiment. Journal of
Economic Education, 37(4), 418-430.
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