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Spatial competition with three firms: an experimental study.

This article reports the results of an experimental study of the three firm location problem. We compare the subjects' behavior in the experiments with the symmetric mixed strategy Nash equilibrium calculated by Shaked. Overall, the findings are consistent with the equilibrium prediction. However, t...

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Published in:Economic Inquiry Vol. 38; no. 1; pp. 73 - 95
Main Authors: Collins, Richard, Sherstyuk, Katerina
Format: Article
Published: Wiley-Blackwell January 2000
Subjects:
Industrial location
Experimental economics
Nash equilibrium
Risk
Online Access:View this record in EBSCOhost