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An experimental study of adaptive behavior in an oligopolistic market game

✍ Scribed by Rosemarie Nagel; Nicolaas J. Vriend

Publisher
Springer-Verlag
Year
1999
Tongue
English
Weight
741 KB
Volume
9
Category
Article
ISSN
0936-9937

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## Abstract Consolidation in meatpacking has elicited many market power concerns and studies. A noncooperative, infinitely repeated game theory model was developed and an empirical model estimated to measure beef packing firm behavior in cattle procurement. Experimental market data from three semes