University of St.Gallen
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Cournot Competition and Hit-and-Run Entry and Exit in a Teaching Experiment

Simon Gaechter, Christian Thoeni & Jean-Robert Tyran

abstract 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
   
type journal paper
   
keywords
   
language English
kind of paper journal article
date of appearance 2006
journal Journal of Economic Education
publisher Joint Council on Economic Education (New York)
ISSN 0022-0485
volume of journal 37
number of issue 4
page(s) 418-430
review double-blind review
   
citation Gaechter, S., Thoeni, 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.