Price-setting and attainment of equilibrium: Posted offers versus an administered price

Binmore, 2007, A little behavioralism Can Go a Long Way, 257 Camerer, 1999, Overconfidence and excess entry: an experimental approach, Amer. Econ. Rev., 89, 306, 10.1257/aer.89.1.306 Cox, 2012, Clocks and trees: isomorphic Dutch auctions and centipede games, Econometrica, 80, 883, 10.3982/ECTA9589 Duffy, 2005, Learning, information, and sorting in market entry games: theory and evidence, Games Econ. Behav., 51, 31, 10.1016/j.geb.2004.04.007 Erev, 1998, Coordination, “Magic,” and reinforcement learning in a market entry game, Games Econ. Behav., 23, 146, 10.1006/game.1997.0619 Fischbacher, 2007, z-Tree: Zurich toolbox for ready-made economic experiments, Exper. Econ., 10, 171, 10.1007/s10683-006-9159-4 Gary-Bobo, 1990, On the existence of equilibrium points in a class of asymmetric market entry games, Games Econ. Behav., 2, 239, 10.1016/0899-8256(90)90020-U Greiner, 2015, Subject pool recruitment procedures: organizing experiments with ORSEE, J. Econ. Sci. Assoc., 1, 114, 10.1007/s40881-015-0004-4 Johnson, 1989, The effect of two trading institutions on price expectations and the stability of supply-response lag markets, J. Econ. Psych., 10, 189, 10.1016/0167-4870(89)90019-6 Kahneman, 1988, Experimental economics: a psychological perspective, 11 Levitan, 1972, Price duopoly and capacity constraints, Int. Econ. Rev., 13, 111, 10.2307/2525908 Mestelman, 1988, Advance production in experimental markets, Rev. Econ. Stud., 55, 641, 10.2307/2297409 Plott, 1978, An experimental examination of two exchange institutions, Rev. Econ. Stud., 45, 133, 10.2307/2297090 Rapoport, 1995, Individual strategies in a market entry game, Group Decis. Negot., 4, 117, 10.1007/BF01410098 Selten, 1982, Equilibrium point selection in a class of market entry games, 101 Smith, 1991, Review: Rational Choice: The Contrast between Economics and Psychology, J. Political Econ., 99, 877, 10.1086/261782 Sundali, 1995, Coordination in market entry games with symmetric players, Org. Behav. Hum. Decis. Process., 64, 203, 10.1006/obhd.1995.1100