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Many economic and social situations can be represented by a digraph. Both axiomatic and iterative methods to determine the strength or power of all the nodes in a digraph have been proposed in the literature. We propose a new method, where the power of a node is determined by both the number of...
Persistent link: https://www.econbiz.de/10005136985
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an …
Persistent link: https://www.econbiz.de/10005209478
oligopoly and present a new maximum likelihood method to estimate search costs. We apply our method to a data set of online …
Persistent link: https://www.econbiz.de/10005144542
We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set a...
Persistent link: https://www.econbiz.de/10009201124
We present a strategic game of pricing and targeted-advertising. Firms can simultaneously target price advertisements to different groups of customers, or to the entire market. Pure strategy equilibria do not exist and thus market segmentation cannot occur surely. Equilibria exhibit random...
Persistent link: https://www.econbiz.de/10005795572
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10005136872
This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for …
Persistent link: https://www.econbiz.de/10005137296
We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover …
Persistent link: https://www.econbiz.de/10005137310
is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is …
Persistent link: https://www.econbiz.de/10005137397
Persistent link: https://www.econbiz.de/10005001437