High-Frequency Interaction in Oligopoly Markets (B03)

长期市场结果如何取决于企业？获取信息和对新信息作出反应的能力？除了利润最大化或简单的经验法则之外，源于其他目标的非标准行为的作用是什么？当企业的长期产出发生变化时，目标的演变是为了应对市场压力？利用实验软件设计的最新进展？将实验期的正常时间范围内可以进行的周期数提高两个数量级？本项目将研究具有高频互动的寡头垄断市场的长期动态，以解决这一系列问题。

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.