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dc.contributor.authorLara-Arango, David
dc.contributor.authorGerber, Andreas
dc.contributor.authorNyanga, Progress
dc.contributor.authorKopainsky, Birgit
dc.date.accessioned2017-12-01T13:27:02Z
dc.date.available2017-12-01T13:27:02Z
dc.date.issued2017
dc.identifier.urihttps://hdl.handle.net/1956/16972
dc.descriptionArticle accepted for the 35th International Conference of the System Dynamics Society, 16–20 July, 2017, Cambridge, MA, USA.
dc.description.abstractThe Cournot economic model is very useful for representing atomized markets in laboratory experiments. Ideally, such experiments are designed following a set of conditions in order to use the model properly. However, non-standard markets and procedural concerns make it impossible for standard conditions to be adhered to in some cases. One such case is the context of rural Africa, where economic objectives of market participants differ from profit maximization, where experiments are typically conducted outdoors and where subjects have low degrees of literacy and familiarity with computers. This article describes a case study that investigated dynamic decision-making of Zambian smallholder farmers by adjusting the standard conditions of Cournot experiments to the field context of rural Africa. Both, the empirical experience from applying the proposed experimental design, as well as the insights gained based on the analysis of the experimental data highlight the usefulness and feasibility of Cournot experiments under non-standard conditions. Thus, the authors argue that the Cournot model can be used under non-standard conditions as a means to explore decision-making in contexts in which non-standard markets and procedural limitations do not permit the use of standard conditions. Furthermore, and based on the case study, the article develops initial guidelines for further studies in contexts with similar characteristics.en_US
dc.language.isoengeng
dc.publisherLara-Arango et. al.eng
dc.relation.ispartof<a href="http://hdl.handle.net/1956/16965" target="blank">The Dynamics of Food Availability in sub-Saharan Africa: An Endogenous Perspective on Food Production Systems</a>
dc.subjectCournot experimenteng
dc.subjectstandard conditionseng
dc.subjectdynamic decision-makingeng
dc.subjectsystem dynamicseng
dc.subjectfood securityeng
dc.subjectsmallholder agricultureeng
dc.subjectrural Africaeng
dc.titleCournot markets in the field: Dynamic decision- making in non-standard marketseng
dc.typeConference objecten_US
dc.typePeer revieweden_US
dc.description.versionacceptedVersion
dc.rights.holderCopyright the authors. All rights reserved.en_US
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Samfunnsgeografi: 290no


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