S
Steffen Huck
Researcher at University College London
Publications - 249
Citations - 8344
Steffen Huck is an academic researcher from University College London. The author has contributed to research in topics: Cournot competition & Competition (economics). The author has an hindex of 47, co-authored 245 publications receiving 7866 citations. Previous affiliations of Steffen Huck include Institute for the Study of Labor & Humboldt University of Berlin.
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Two are few and four are many: number effects in experimental oligopolies
TL;DR: In this article, the authors investigate how the competitiveness of Cournot markets varies with the number of firms in an industry and find that three-firm oligopolies tend to produce outputs at the Nash level and four or five firms are never collusive and typically settle at or above the Cournot outcome.
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Learning in Cournot Oligopoly: An Experiment
TL;DR: In this article, the authors derived theoretical predictions for the learning theories and test these predictions by varying the information given to subjects, finding that some subjects imitate successful behavior if they have the necessary information; and if they imitate, markets are more competitive.
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More Order with Less Law: On Contract Enforcement, Trust, and Crowding
TL;DR: In this article, the authors examine a contractual relationship in which the first mover has to decide whether she wants to enter a contract without knowing whether the second mover will perform and apply a dynamic model of preference adaptation and find that economic incentives have a non-monotonic effect on behavior.
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Learning in Cournot Oligopoly – an Experiment
TL;DR: In this article, the authors derived theoretical predictions for the learning theories and test these predictions by varying the information given to subjects, and found that some subjects imitate successful behaviour if they have the necessary information, and if they imitate, markets are more competitive.
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Imitation—theory and experimental evidence
TL;DR: In this paper, a generalized theoretical approach to study imitation and subject it to rigorous experimental testing is introduced and the authors find that the different predictions of previous imitation models are mainly explained by different informational assumptions, and to a lesser extent by different behavioral rules.