Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10001637701
Persistent link: https://www.econbiz.de/10011092787
is determined by his effort level, which depends on his private benefits. The managers compete on a product market by …
Persistent link: https://www.econbiz.de/10011092464
Persistent link: https://www.econbiz.de/10002125264
Persistent link: https://www.econbiz.de/10002125268
Persistent link: https://www.econbiz.de/10002106337
This paper introduces a simple extensive form pricing game.The Bertrand outcome is a Nash equilibrium outcome in this game, but it is not necessarily subgame perfect.The subgame perfect equilibrium outcome features the following comparative static properties.The more similar firms are, the...
Persistent link: https://www.econbiz.de/10011092583
Persistent link: https://www.econbiz.de/10011092622
Persistent link: https://www.econbiz.de/10011090552
Persistent link: https://www.econbiz.de/10011091692