ERIC Number: EJ774287
Record Type: Journal
Publication Date: 2006
Pages: 13
Abstractor: Author
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
Cournot Competition and Hit-and-Run Entry and Exit in a Teaching Experiment
Gachter, Simon; Thoni, Christian; Tyran, Jean-Robert
Journal of Economic Education, v37 n4 p418-430 Fall 2006
Instructors can use a computerized experiment to introduce students to imperfect competition in courses on introductory economics, industrial organization, game theory, and strategy and management. In addition to introducing students to strategic thinking in general, the experiment serves to demonstrate that profits of a firm fall as the number of competitors is increased in a market and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy and management as well as in master of business administration courses with great success. The following are appended: (1) Sample Instructions; (2) Screen-Shots; and (3) Assignments. (Contains 1 figure, 1 table and 10 notes.)
Descriptors: Economics Education, Microeconomics, Competition, Experiments, Educational Games, Computer Uses in Education, Teaching Methods, College Instruction, Undergraduate Study, Graduate Study
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A