High-Frequency Interaction in Oligopoly Markets (B03)

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How do long-run market outcomes depend on firms? access to information and their ability to react to new information? What is the role of non-standard behaviors stemming from goals other than profit maximization or simple rules of thumbs? And how do long-run outcomes change when firms? objectives evolve in response to market pressure? Utilizing recent advances in experimental software design? boosting the number of periods that can be conducted within the usual time frame of an experimental session by two orders of Magnitude? This project will study long-run dynamics in oligopoly markets with high-frequency interaction to tackle this set of questions.