Abstract
This article discusses the implementation of laboratory duopoly market in Indonesia. Some uniqueness of Indonesian context was seen during the experiment, e.g. the respondents tend to ignore the importance of sharing the result of flipped coin which may reduce the uncertainty of the outcome.
However, this result is based on post-graduate respondents only. Some various respondents may provide different results.
This is a preview of subscription content, log in via an institution to check access.
Notes
- 1.
MSM = Master of Science in Management
References
Altavilla, C., Luini, L., & Sbriglia, P. (2006). Social learning in market games. Journal of Economic Behavior and Organization, 61, 632–652.
Bensen, B. L., & Faminow, M. L. (1988). The impact of experience on prices and profits in experimental duopoly markets. Journal of Economic Behavior and Organization, 9, 345–365.
Cason, T. N., & Davis, D. D. (1995). Price communications in laboratory markets: An experimental investigation. Review of Industrial Organization, 10, 769–787.
Cason, T. N., & Mason, C. F. (1999). Uncertainty, information sharing and tacit collusion in laboratory duopoly markets. Economy Inquiry, 37, 258–281.
Davis, D. D., & Holt, C. A. (1993). Experimental economics. Princeton: Princeton University Press.
Dixon, H. (2000). Keeping up with the joneses: Competition and the evolution of collusion. Journal of Economic Behavior and Organization, 43, 223–238.
Dixon, H., Sbriglia, P., & Somma, E. (2006). Learning to collude: An exper- iment in convergence and equilibrium selection in oligopoly. Research in Economic, 60, 155–167.
Hardstad, R., Martin, S., & Normann, H.-T. (1998). Intertemporal pricing schemes. Experimental tests of consciously parallel behavior in oligopoly. In L. Philips (Ed.), Applied industrial economics. Cambridge: Cambridge University Press.
Holt, C. A. (1985). An experimental test of the consistent-conjectures hy- pothesis. The American Economic Review, 75(3), 314–325.
Huck, S., Muller, W., & Normann, H. T. (2001). Stackelberg beats Cournot -on collusion and efficiency in experimental markets. The Economic Journal, 111(474), 749–765.
Huck, S., Normann, H., & Oechssler, J. (1999). Learning in cournot oligopoly an experiment. Economic Journal, 109, C80–C95.
Lupi, P., & Sbriglia, P. (2003). Exploring human behavior and learning in experimental cournot settings. Rivista Internazionale di Scienze Sociali, 111, 373–395.
Simon, H. (1955). A behavioural model of rational choice. Quarterly Journal of Economics, 69, 99–118.
Simon, H. A. (1956). Rational choice and the structure of the environment. Psychological Review, 63(2), 129–138.
Vega-Redondo, F. (1997). The evolution of walrasian behaviour. Econometrica, 65(2), 375–384.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2016 Springer Japan
About this chapter
Cite this chapter
Siallagan, M., Nuraeni, S. (2016). The Effect of Sharing Information on Learning Process in Experimental Duopoly Game: A Case from Indonesia. In: Mangkusubroto, K., Putro, U.S., Novani, S., Kijima, K. (eds) Systems Science for Complex Policy Making. Translational Systems Sciences, vol 3. Springer, Tokyo. https://doi.org/10.1007/978-4-431-55273-4_3
Download citation
DOI: https://doi.org/10.1007/978-4-431-55273-4_3
Published:
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-55272-7
Online ISBN: 978-4-431-55273-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)