High-Frequency Interaction in Oligopoly Markets (B03)

• Subject Area: Economic Theory
• Term: from 2017 to 2020
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 280092119

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.

• DFG Programme: CRC/Transregios
• Subproject of: TRR 190: Rationality and Competition: The Economic Performance of Individuals and Firms
• Applicant Institution: Ludwig-Maximilians-Universität München
• Project Head: Professor Dr. Steffen Huck