Showing 1 - 10 of 19
consensus value is discussed.Finally, two applications of the consensus value are given: one is for oligopoly games in partition …
Persistent link: https://www.econbiz.de/10011091966
We study collusive behaviour in experimental duopolies that compete in prices under dynamic demand conditions. In one treatment the demand grows at a constant rate. In the other treatment the demand declines at another constant rate. The rates are chosen so that the evolution of the demand in...
Persistent link: https://www.econbiz.de/10005150907
We study collusive behaviour in experimental duopolies that compete in prices under dynamic demand conditions. In one treatment the demand grows at a constant rate. In the other treatment the demand declines at another constant rate. The rates are chosen so that the evolution of the demand in...
Persistent link: https://www.econbiz.de/10010552266
This paper studies welfare effects of uniform production subsidies in oligopoly markets, comparing cases of asymmetric …
Persistent link: https://www.econbiz.de/10005190875
theories of oligopoly predict. …
Persistent link: https://www.econbiz.de/10005190885
The paper proposes a theory of the anti-competitive effects of debt finance based on the interaction between capital … that reduce conflicts with debtholders - such as hiring managers with valuable reputations or "conservative" incentives …
Persistent link: https://www.econbiz.de/10005423775
This paper provides an empirical examination of third-degree price discrimination in the Swedish newspaper industry. The results show that price discrimination is more prevalent in competitive markets and among newspapers with low market shares. This supports predictions from recent theoretical...
Persistent link: https://www.econbiz.de/10005649186
This paper examines if international trade can reduce total welfare in an international oligopoly with differentiated …
Persistent link: https://www.econbiz.de/10005649226
are paid more than once or are deferred, stock-related compensation packages are strong incentives for managers to support … discounts them on stock prices, reducing managers' short-run gains from any deviation. When deferred, stock-related incentives … may remove all managers' short-run gains from deviation making collusion supportable at any discount factor. The results …
Persistent link: https://www.econbiz.de/10005649318
This paper studies the strategic interaction on oligopolistic markets where firms have debt obligations. For sufficiently high (low) quantities (prices) of the competitors there exists no unique strategy that maximise equity holders payoff, since whatever quantity (price) an indebted firms sets,...
Persistent link: https://www.econbiz.de/10005649405