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Persistent link: https://www.econbiz.de/10010843362
-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field--including those …The "oligopoly problem"--the question of how prices are formed when the market contains only a few competitors--is one … of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinson--to modern game theory. In his discussion of basic game …
Persistent link: https://www.econbiz.de/10004973113
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
In this paper we present an axiomatic analysis of several ranking methods for tournaments. We find that two of them exhibit a very good behaviour with respect to the set of properties under consideration. One of them is the maximum likelihood ranking, the most common method in statistics and...
Persistent link: https://www.econbiz.de/10011092766
This paper explores the relationship between the structure of the market for the refining and distribution of gasoline and the wholesale price of unbranded gasoline sold to independent gasoline retailers. Theoretically, the effect of an increase in vertical integration is ambiguous because...
Persistent link: https://www.econbiz.de/10010537985
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10010538399
-Cola and Pepsi-Cola. Separate strategies for each firm are estimated with and without restrictions from game theory. These …
Persistent link: https://www.econbiz.de/10010538421
This paper explores the relationship between the structure of the market for the refining and distribution of gasoline and the wholesale price of unbranded gasoline sold to independent gasoline retailers. Theoretically, the effect of an increase in vertical integration is ambiguous because...
Persistent link: https://www.econbiz.de/10010538431
Persistent link: https://www.econbiz.de/10010843332
Keywords: patents, innovation, oligopoly JEL codes: L13, O31. ABSTRACT: Many inventions, great and small, are …
Persistent link: https://www.econbiz.de/10010843453