Posted by Kerry on July 09, 19100 at 14:51:53:
In Reply to: Experiment 8 posted by Jan-Eric Nilsson on September 24, 1997 at 08:47:22:
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: My suggestion is that - as soon as there has been a round with too many producers - you simply go in and use 'licenses', for instance saying that no more than two could do business. During further rounds this experiment is, never the less, vulnerable to 'outliers'; it is really sufficient that one or two persons don't realise the importance of number of restaurants for the whole thing to continue with losses for several rounds.