Estimating dynamic games of oligopolistic competition: an experimental investigation

We evaluate standard assumptions in the estimation of dynamic oligopoly models with laboratory data. Using an entry/exit game, we estimate structural parameters under the assumption that the data are generated by a Markov-perfect equilibrium and subsequently predict counterfactual behavior. If behav...

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Bibliographic Details
Main Authors: Salz, Tobias, Vespa, Emanuel
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:English
Published: Wiley 2021
Online Access:https://hdl.handle.net/1721.1/130375