Recent years have witnessed a growing interest in experimental games such as management decision-making games and games designed to simulate oligopolistic market phenomena. This article reports on a series of experimental games designed to study some of the hypotheses of neoclassical competitive market theory.
Smith, Vernon L. “An Experimental Study of Competitive Market Behavior.” Journal of Political Economy, 70.2 (1962): 111-137.
University of Chicago
This article was originally published in Journal of Political Economy, volume 70, issue 2, in 1962.